In 2023, the Oilseeds Processing industry in the Philippines stood at 8.23 million metric tons. Moving forward into 2024 and beyond, the forecasted figures remain relatively stable, with slight decreases foreseen by 2026 and beyond reaching 8.22 million metric tons. The year-on-year variation depicts a negligible percentage change, highlighting market stability. Over the last two years, the industry maintained a steady volume, and the Compounded Annual Growth Rate (CAGR) over the next five years projects minimal variation.
Future trends to watch for:
• Technological advancements in processing methods could enhance efficiency.
• Potential shifts in global oilseeds supply chains may impact local production volumes.
• Regulatory changes and environmental policies might influence the industry dynamics.
• Emerging markets for oilseeds byproducts could provide new growth avenues.