The forecast for cassava production in the Philippines indicates a steady growth from 2024 to 2028. In 2023, the actual production stood at 2.834 million metric tons. The forecasted values for the upcoming years are:
- 2024: 2.869 million metric tons
- 2025: 2.9059 million metric tons
- 2026: 2.9421 million metric tons
- 2027: 2.9776 million metric tons
- 2028: 3.0124 million metric tons
Year-on-year, the production is expected to grow by approximately 1.28% from 2024 to 2025, 1.25% from 2025 to 2026, 1.21% from 2026 to 2027, and 1.17% from 2027 to 2028. Over the last two years, the average annual growth rate was around 1.25%. Over the five-year forecast period, the compound annual growth rate (CAGR) stands at approximately 1.23%.
Future trends to watch for include potential impacts of climate change on agricultural outputs, advancements in agricultural technologies, and government policies affecting cassava farming. These factors could influence the accuracy of the forecasted production values and introduce new dynamics in the market. Monitoring these elements will be essential for accurate market predictions and strategic planning.
