Based on the provided forecast data for the export value of desiccated coconut from the Philippines, the following trends can be identified:
From 2024 to 2028, the export value shows a steady upward trend, starting at 21.64 billion PHP in 2024 and reaching 24.87 billion PHP by 2028. The year-on-year variation percentages indicate a consistent growth trajectory: 3.84% from 2024 to 2025, 3.65% from 2025 to 2026, 3.39% from 2026 to 2027, and 3.28% from 2027 to 2028. Over the last two years (2024-2025), the variation is an average of 3.75%, and over the forecasted period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 3.54%.
In 2023, the actual export value stood at 20.85 billion PHP. Compared to the following year, 2024 showed a 3.79% increase, marking a healthy growth rate.
Future trends to watch for include potential impacts from global economic conditions, changes in international trade policies, fluctuations in production levels, and evolving consumer demand for coconut-based products. Additionally, sustainability practices and advancements in agricultural technologies could further influence growth in the export market.
