Based on the provided forecast data, the soybean oil supply in Malaysia is projected to grow steadily from 2024 to 2028. The supply is expected to increase from 211.0 thousand metric tons in 2024 to 222.0 thousand metric tons in 2028. Comparing the year-on-year percentage growth, there is a consistent increase of about 1.4% to 1.5% each year.
For an analysis of the longer-term trend, the Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 stands at approximately 1.5%. This indicates a fairly stable and positive growth trajectory over the next five years.
Future trends to watch for include potential changes in soybean cultivation due to climate conditions, shifts in global trade policies affecting exports and imports, and advancements in agricultural technologies which could impact production efficiency. Monitoring these factors will be crucial in predicting further adjustments in the soybean oil supply chain in Malaysia.
