The Malaysian oilseeds processing industry, measured in million metric tons, showed some fluctuations between 2014 and 2023. The year-on-year variation from 2022 to 2023 was minimal at -0.0042%, with a compounded annual growth rate (CAGR) of -0.063% over the past five years. The industry peaked in 2015 with a 1.61% increase but experienced a significant decline of -13.02% in 2016. A recovery in 2017 (+14.76%) was followed by gradual declines, reaching a value of 95.53 in 2023.
Future forecasting predicts a flat CAGR of 0% over the next five years, with an average annual growth rate of -0.02%, indicating a stagnant trend without significant recovery or decline. By 2028, the value is forecasted to slightly decrease to 95.51 million metric tons.
Future trends to watch for include potential impacts of global supply chain disruptions, evolving trade policies, climate change effects on crop yields, advancements in processing technology, and shifts in global demand dynamics.
