In 2023, vegetable production in the Philippines stood at 7.03 million metric tons. Based on the forecasted data, production is expected to gradually increase to 7.06 million metric tons in 2024, reaching 7.17 million metric tons by 2028.
Year-on-year variations:- From 2023 to 2024: +0.43%- From 2024 to 2025: +0.43%- From 2025 to 2026: +0.42%- From 2026 to 2027: +0.28%- From 2027 to 2028: +0.42%
Average annual growth rate (CAGR) over the 5-year period from 2023 to 2028: +0.40%
Future trends to watch for:- Impact of climate change on crop yields.- Advances in agricultural technology and practices.- Government policies and support in the agriculture sector.- Market demand shifts and consumer preferences towards organic produce.- Economic factors influencing farming costs and profitability.
