The market for oilseeds feed in Malaysia has demonstrated significant growth since 2014, experiencing substantial increases particularly between 2014 and 2017. The value soared from 5.0 thousand metric tons in 2014 to 119.0 thousand metric tons by 2017. However, there was a notable dip in 2018, with a decline of 26.89%. Since 2019, the market has shown steady recovery and growth, with the latest actual data from 2023 indicating a volume of 130.0 thousand metric tons. Over the past five years, the compound annual growth rate (CAGR) was 8.36%.
Future trends to watch for:
- The forecast indicates a continued growth trajectory, reaching an estimated 162.0 thousand metric tons by 2028 with a forecasted 5-year CAGR of 3.41%.
- Monitoring factors such as global market demand, agricultural practices, and Malaysia’s economic conditions, which could influence the oilseeds feed market.
