In 2023, the yield of primary oilseeds in the Philippines stood at 5.4 Thousand Hectograms per Hectare. The forecast for 2024 shows a yield of 5.32, marking a year-on-year decline of approximately 1.5%. This downward trend is set to continue with slight decreases each year: 2025 at 5.30, 2026 at 5.28, 2027 at 5.26, and 2028 at 5.24. The Cumulative Annual Growth Rate (CAGR) over the next five years is forecasted to be around -0.75%, reflecting a continuous but gradual decline.
Future trends to watch for: Environmental factors such as climate change and extreme weather events could further impact yields. Technological advancements in agricultural practices and genetic improvements in oilseeds could help mitigate the decline. Monitoring government policies and international trade agreements will also be crucial, as these can influence market conditions and potentially reverse the downward trend.