Forecast: Nuts Demand in Philippines

Based on the provided forecast data, the demand for nuts in the Philippines is projected to grow steadily from 186.0 thousand metric tons in 2024 to 191.0 thousand metric tons by 2028. In 2023, the actual demand was 185.0 thousand metric tons. The year-on-year percentage increase over the last two years shows around a 1.1% increase in 2024 and 0.5% to 1.1% annually from 2024 onwards. The Compound Annual Growth Rate (CAGR) for the period 2023-2028 is approximately 0.6%.

Future trends to watch for:

  • Increasing health consciousness among consumers may drive higher demand for nuts as a healthy snack.
  • Eco-friendly and sustainable farming practices could impact both supply and consumer preferences.
  • Global supply chain fluctuations and climate change effects may pose risks to steady supply and pricing.
  • Marketing strategies emphasizing the nutritional benefits of nuts could further stimulate demand.

Top Countries about Nuts