Oilseeds demand in Australia has shown significant fluctuations from 2014 to 2023, starting at 2.16 million metric tons in 2014 and rising to 2.51 million metric tons in 2023. The year-on-year variations indicate notable shifts, with declines in some years, particularly in 2015 and 2016, and strong growth in others, especially 2017 and 2018. Over the last two years, the demand saw stable, modest growth with year-on-year variations around 0.97%. The last five years experienced a CAGR of 0.18%, reflecting overall steady albeit slow growth. For future trends, the demand is forecasted to grow at a 0.7% CAGR from 2024 to 2028, reaching 2.62 million metric tons by 2028.

Future trends to watch for include:

Advancements in agricultural technologies that could enhance oilseed production.
Policy changes impacting oilseed trade and production incentives.
Shifts in global demand for oilseed-based products.
Climate change effects on crop yields and agricultural practices.