In 2023, the soybean oil supply in the Philippines was at 83.0 Thousand Metric Tons. Forecasted supply data indicates a steady year-on-year increase of 1.2% in 2024, reaching 84.0 Thousand Metric Tons. This upward trend continues consistently with 85.0 Thousand Metric Tons in 2025, 86.0 Thousand Metric Tons in 2026, 87.0 Thousand Metric Tons in 2027, and 88.0 Thousand Metric Tons in 2028, reflecting a uniform annual growth rate of approximately 1.2% over the forecast period.

Future trends to watch for include:

Potential fluctuations in global soybean production and prices due to climate change and geopolitical events.
Changes in domestic agricultural policies and import regulations impacting supply chains.
Increasing domestic demand for soybean oil driven by demographic shifts and dietary trends.
Technological advancements in agricultural practices enhancing productivity.