Forecasted soybean oil production in the Philippines is set to increase slightly, from 22.0 thousand metric tons in 2024 and 2025 to 23.0 thousand metric tons from 2026 to 2028. This indicates a stable production level with a slight increase of 1,000 metric tons starting from 2026.
In 2023, actual production stood consistently below 22.0 thousand metric tons. Year-on-year variation between 2024 and 2025 is 0%, indicating no growth within this period. From 2025 to 2026, an increase of approximately 4.55% is projected, which stabilizes through 2028.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is minimal, reflecting the slight but consistent growth trend in this period.
Future trends to watch for include potential impacts of climate change on agricultural yields, government policies influencing oil production, and technological advancements in farming techniques that could further boost production efficiency.
