The production of sunflower seed oil in Malaysia exhibited considerable growth from 2014 to 2023, starting at 1.0 thousand metric tons in 2014 and reaching 8.0 thousand metric tons by 2023. The year-on-year changes saw considerable fluctuations, with notable increases of 100% in 2016, 133.33% in 2018, and a drop of 14.29% in 2019. More recent production levels have stabilized, with no growth recorded for 2023. The Compound Annual Growth Rate (CAGR) over the last five years has averaged 2.71%.
Future trends to watch for:
- The five-year forecast indicates a growth rate of 19.2% by 2028.
- Forecasted CAGR for the next five years stands at 3.57%.
