Table 1
Past Demand
Year
|
Market Acceptability
|
Target
Population
|
Annual
Demand
|
2017
|
70%
|
92,241
|
64,569
|
2018
|
70%
|
111,070
|
77,749
|
2019
|
70%
|
104,701
|
73,291
|
B.1.2. Projected Demand
The annual increase of demand for the years 2021-2023 is based on the average annual growth rate of number of SMEs from 2017-2019 of 7%. The annual projected demand was obtained by multiplying the market acceptability, which is 70%, to the target population. Since the statistical data for 2020 on the number of SMEs is not yet available, the average annual growth rate of 7% is applied to compute for the estimated number of SMEs in 2020. Based on the foregoing, the estimated number of SMEs in 2020 is 112,030 (104,701 x 107%). This is the basis for the computation of the projected target population in 2021.
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