In 2023, Poland’s primary oilseeds production stood at 0.90053 million metric tons, showing a marginal year-on-year growth of 0.48%. This is part of a broader trend of slow but steady growth following fluctuations in earlier years. Notably, between 2013 and 2017, production experienced more significant volatility, with year-on-year changes varying widely from -17.69% in 2016 to 22.2% in 2017. The CAGR for the five years leading up to 2023 was 1.9%, indicating modest annual growth.
Forward-looking data suggest a continuation of this steady, albeit slow, growth in primary oilseeds production, with a forecasted CAGR of 0.39% from 2023 to 2028. By 2028, production is expected to reach approximately 0.923 million metric tons, translating into a forecasted five-year growth rate of 1.96%.
Future trends to watch for:
- Technological advancements in agriculture that could boost yield efficiency.
- Climate change impacts on agricultural productivity.
- Shifts in global oilseed market demand and prices.
- Local and EU-level agricultural policies and subsidies.