The oilseeds market in Malaysia displayed significant fluctuations from 2014 to 2023. The market volume stood at 275 Thousand Metric Tons in 2023, showing a YoY growth rate of 1.85%. Notably, 2015 experienced the highest YoY increase at 54.65%, while 2016 saw a decline of 18.8%. Over the last five years, the CAGR was 2.09%, underscoring steady growth. Future forecasts predict a 7.14% growth rate with a CAGR of 1.39% from 2023 to 2028, indicating moderate but consistent expansion.
Key trends to watch for in the future include technological advancements in agriculture, potential changes in trade policies, and shifts in global oilseed demand. Sustainable farming practices and climate impact will also be essential factors influencing market dynamics.
