In 2023, the oilseeds production in the Philippines stood at 15.04 million metric tons. From 2024 to 2026, the production forecast remains stable at 15.04 million metric tons annually. A slight increase is projected for 2027 and 2028, where production is expected to rise to 15.05 million metric tons. The year-on-year variation is negligible, indicating a stable trend. Over the last five years, the compound annual growth rate (CAGR) also suggests minimal average annual variation.
Future trends to watch for:
- Technological advancements in agricultural methods
- Climate change impacts on crop yields
- Fluctuations in global oilseed demand and prices
- Government policies and incentives for agricultural productivity