The sunflower seed oil production in Australia stood at 12.0 thousand metric tons in 2023, reflecting no year-on-year variation from the previous years since 2016, with minor fluctuations observed in preceding years. Notably, the production dipped to 11.4 thousand metric tons in 2020 but rebounded to 12.0 thousand metric tons by 2021. The last five years showcased a stable trend with a minimal average annual growth (CAGR) of 0.6%, projecting a future growth to 12.52 thousand metric tons by 2028.
Future trends to watch for:- Consistent but slow growth projected, maintaining a 0.6% CAGR over the next five years.- Potential impacts from agricultural innovations and climate change on production stability.- Market demand shifts influenced by alternative oil sources and economic factors.
