Sunflowerseed oil production in the US stood at 233.0 thousand metric tons in 2023 with a year-on-year increase of 2.19%. From 2014 to 2023, production generally increased, growing from 147.0 thousand metric tons in 2014 to 233.0 thousand metric tons in 2023, marking a CAGR of 4.9%. Variations over the years indicated substantial fluctuations, with major increases in 2015 (50.34%) and more modest increases and decreases in subsequent years.
For the next five years, forecasted production is expected to continue growing at an average annual rate (CAGR) of 1.44%, reaching approximately 255.51 thousand metric tons by 2028. This represents a forecasted 7.43% growth rate from 2023 to 2028.
Future trends to watch for include:
- Technological advancements in agricultural practices that could enhance yield and efficiency.
- Fluctuations in market demand driven by health trends and alternative cooking oils.
- Potential impacts of climate change on crop productivity.
- Regulatory policies around agriculture and trade that could affect production dynamics.
