Sunflower oil production in the US displayed significant fluctuations over the past decade. From 2013 to 2023, production values ranged from a low of 147.0 thousand metric tons in 2014 to a high of 221.0 thousand metric tons in 2015. The year-on-year variations have been quite inconsistent, with notable peaks and troughs, reflecting occasional volatility in production levels. In more recent years (2022-2023), production slightly decreased by 1.05% year-on-year, with a forecasted continuous decline at an average annual rate (CAGR) of -0.91% over the next five years (2024-2028).
In 2023, the volume stood at 196.06 thousand metric tons, marking a minor decrease from previous years. Looking ahead, future trends to watch for include:
- Impact of climate change on sunflower crop yields.
- Technological advancements in agricultural practices.
- Shifts in domestic and international demand for sunflower oil.
- Possible policy changes affecting the agricultural sector.
- Global market dynamics impacting sunflower oil export and import.
