Based on the data provided, the demand for oilseeds in the US is forecasted to steadily increase from 75.04 million metric tons in 2024 to 76.68 million metric tons in 2028. Comparing 2024 predictions to actual figures from 2023, we see continuity in the upward trend experienced in recent years.
The year-on-year growth from 2024 to 2025 stands at 0.57%, followed by 0.54% from 2025 to 2026, 0.53% from 2026 to 2027, and 0.52% from 2027 to 2028. This indicates a relatively constant growth pattern year over year. The compound annual growth rate (CAGR) over these five years is approximately 0.54%, showing a steady but moderate increase in oilseeds demand.
Key future trends to watch for include changes in agricultural policies, technological advancements in crop yield production, and shifts in domestic and global market demand for biofuels and animal feed. Additionally, global trade dynamics and climate change impacts could significantly influence future demand patterns.
