The production of oil crops in Australia is forecasted to steadily increase from 4.975 million metric tons in 2024 to 5.0502 million metric tons in 2028. The year-on-year growth rate from 2024 to 2025 is approximately 0.39%, and from 2025 to 2026, it is around 0.38%. From 2026 to 2027, the growth is about 0.37%, and from 2027 to 2028, it is around 0.36%. The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 0.38%.
Key trends to watch for include technological advancements in crop production, changes in international trade policies, and climate change impacts on agriculture. Additionally, fluctuations in global oil crop demand and shifts in consumer preferences toward plant-based products may influence future production volumes.
