Examining the historical data from 2014 to 2023, we see fluctuations in the oilseeds feed value in the US, expressed in million metric tons. The highest value was observed in 2017 at 8.13 MMT, while the lowest was in 2016 with 4.7 MMT. Significant year-on-year changes include a 73.08% increase in 2017 and a 39.52% decrease in 2016. The value in 2023 stood at 5.4 MMT, showing a minor decline from the previous years with a year-on-year variation of -1.44%. The five-year CAGR was 1.02%, indicating modest but positive growth overall.
Looking forward, forecasts suggest a gradual decline in oilseeds feed value from 2024 onwards, reaching 4.98 MMT by 2028. This forecasted trend implies a negative CAGR of -1.26% over the next five years, equating to a total decrease of approximately -6.16% by 2028. Hence, the sector's decrease reflects broader changes in agricultural and market conditions.
Future trends to watch for include shifts in agricultural policy, advancements in oilseed technology, evolving dietary practices, climate change impacts, and changes in global trade dynamics that could alter supply and demand balances. Monitoring these factors will be critical to understanding the trajectory of the oilseeds feed market.
