The gross production of Chicory and Lettuce in the Philippines is projected to grow steadily over the forecast period. In 2023, the value stood at 1.87 million US Dollars PPP. The forecast data indicate incremental growth: by 1.91 million in 2024, 1.95 million in 2025, 1.98 million in 2026, 2.01 million in 2027, and 2.05 million in 2028.
Year-on-year growth shows:- 2023 to 2024: 2.14%- 2024 to 2025: 2.09%- 2025 to 2026: 1.54%- 2026 to 2027: 1.52%- 2027 to 2028: 1.99%
In the last two years (2023-2025), the trend shows an average annual growth rate or CAGR of 2.11% over the five-year forecast period (2024-2028).
Future trends to watch for include potential impacts from climate change on agricultural yields, shifts in domestic and global demand, and improvements in agricultural technologies and practices which could influence productivity and output values.
