The oilseeds production in Malaysia has shown variability over the past decade. In 2023, the production stood at 100.58 million metric tons, marking a minimal year-on-year growth of 0.29%. Notably, production experienced a significant fluctuation, with peak values in 2017 and subsequent declines, such as a major 12.13% drop in 2016. The CAGR over the past five years has been modest at 0.29%, indicating stable yet sluggish growth.
From 2024 onward, projections suggest a continued steady increase in production, reaching 102.1 million metric tons by 2028 with an estimated 5-year CAGR of 0.24%. An overall 1.18% growth rate is anticipated over this forecast period.
Future trends to watch include potential impacts of climate change, shifts in global demand, and advancements in agricultural technology, all of which could significantly influence oilseeds production levels in Malaysia.
