The forecasted production of oil crops in Poland from 2024 to 2028 shows a steady increase year-on-year. In 2023, the production was at 2.3871 million metric tons. The year-on-year variations from 2024 to 2028 are marginal, reflecting a slight but consistent growth. Specifically:
The projected production in 2024 is 2.4008 million metric tons.
The year-on-year increase in 2025 is 0.5%, bringing production to 2.4134 million metric tons.
The production in 2026 further sees a 0.51% rise to 2.4258 million metric tons.
In 2027, production grows by 0.50% again, reaching 2.4379 million metric tons.
By 2028, production increases by another 0.49% to 2.4498 million metric tons.
Over the last five years, the compound annual growth rate (CAGR) is approximately 0.52%, indicating a gradual and sustainable upward trend.
Future trends to watch for:
- Potential advancements in agricultural technology that could boost yields.
- Effects of climate change on crop production.
- Economic policies and subsidies affecting the agricultural sector.
- Market demand for oil crops both domestically and internationally.