In 2023, the primary oilseeds production in the Philippines stood at 2.0467 million metric tons. Based on the forecasted data from 2024 to 2028, there is a consistent but modest annual growth in production. From 2024 to 2025, the year-on-year variation is approximately 0.2%. Similarly, 2025 to 2026 sees a growth of around 0.19%, 2026 to 2027 continues with another 0.19%, and from 2027 to 2028, there is a 0.18% increase. Over this five-year forecast period, the compound annual growth rate (CAGR) stands at 0.19%.
Future trends to watch for:
- Technological advancements in agricultural practices
- Impact of climate change on crop yields
- Policy changes affecting domestic production and trade
- Market demand shifts for oilseeds and derived products