The demand for oilseeds in Malaysia experienced fluctuations over the past decade, with notable dips and recoveries. As of 2023, the value stood at 96.14 million metric tons, marking steady but minimal growth compared to the previous year. The average annual growth rate has shown a declining trend over the past five years with a small negative CAGR of -0.046%. However, the year-on-year variation displayed mixed results, with significant shifts such as a 12.94% decrease in 2016 and a 14.76% increase in 2017. From 2024 onwards, the forecast suggests a steady but slow growth rate, with a 5-year CAGR of 0.01%.
Future trends to watch for include potential impacts from global market fluctuations, changes in agricultural practices, and evolving trade policies that could affect both the supply and demand for oilseeds in Malaysia. Stay attentive to technological advancements and sustainable farming initiatives that could potentially drive future demand and productivity.
