In 2023, the oilseeds market size volume in the Philippines stood at 646.0 thousand metric tons. The series from 2024 to 2028 represents forecasted data, indicating a gradual increase from 652.0 thousand metric tons in 2024 to 677.0 thousand metric tons in 2028.
Year-on-year variation:- 2024: +0.93%- 2025: +0.92%- 2026: +0.91%- 2027: +1.05%- 2028: +0.89%
Compound Annual Growth Rate (CAGR) over the last 5 years: approximately 0.94% per year.
Future trends to watch for:- Potential impact of climate change on crop yields- Changes in global oilseed prices influencing local production- Technological advancements in agriculture enhancing productivity- Policies related to biofuel production and their impact on oilseed demand.
