The forecast for Malaysia's Primary Oilseeds Gross Production from 2024 to 2028 shows a steady increase in billion US Dollars PPP from 2.3076 in 2024 to 2.4246 in 2028, reflecting a consistent annual growth. While 2023 values were not provided, the data indicates a positive trajectory for the sector.
Year-on-year percentage variations display a stable growth between 2024 and 2028, underpinning a robust sector:
- 2024 to 2025: +1.31%
- 2025 to 2026: +1.26%
- 2026 to 2027: +1.22%
- 2027 to 2028: +1.18%
The compound annual growth rate (CAGR) over the forecasted five-year period from 2024 to 2028 is approximately 1.24%, indicating a steady expansion in Malaysia's primary oilseeds gross production.
Future trends to watch for include advancements in agricultural technology, changes in global oilseed demand, climate change impacts, and policy developments that may enhance or hinder production capabilities. The sector’s resilience and ability to adapt to these trends will be crucial for sustained growth.
