The Australian oilseeds feed market exhibited significant fluctuations from 2014 to 2023, with a notable peak in 2018. As of 2023, the volume stood at 804 Thousand Metric Tons, representing a year-on-year increase of 3.47%. The five-year CAGR leading up to 2023 was relatively modest at 0.58%, highlighting a period of stabilized growth after the significant rise and subsequent normalization post-2018.
Year-on-year variations have been substantial, especially in 2018, which saw a dramatic increase of 93.32%. This was followed by a sharp decline of 11.4% in 2019 before stabilizing into consistent growth rates around 3-4% in the subsequent years. Looking ahead, the forecasted data suggest a steady upward trend with an anticipated five-year CAGR of 2.32% through 2028, culminating in a projected volume of 932 Thousand Metric Tons, translating to a cumulative growth of 12.15% from 2023.
Future trends to watch for include potential shifts in global demand for oilseeds, changes in Australian agricultural policies, advancements in feed technology, and climate change impacts, which may influence production capabilities and market stability.
