The forecast for cocoa beans production in the Philippines indicates a gradual increase from 9.3 thousand metric tons in 2024 to 10.3 thousand metric tons by 2028. The value for 2023 stood at 9.0 thousand metric tons.
The year-on-year variations are as follows:
- 2024 to 2025: 2.15%
- 2025 to 2026: 3.16%
- 2026 to 2027: 2.04%
- 2027 to 2028: 3.00%
The compounded annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 2.57%.
Future trends to watch for include potential impacts of climate change on cocoa yield, shifts in government policy to support the cocoa industry, and fluctuations in global cocoa prices which may influence production incentives and capacity in the Philippines.
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