The forecast for soybean oil distribution in the Philippines from 2024 to 2028 shows a consistent increase from 84.0 Thousand Metric Tons in 2024 to 88.0 Thousand Metric Tons in 2028. In 2023, the distribution stood at 83.0 Thousand Metric Tons. The year-on-year variations indicate a steady growth of approximately 1.2% annually. Over the last two years, the percentage growth amounted to around 2.4%, while the 5-year Compound Annual Growth Rate (CAGR) highlights an average annual increase of 1.2%.
Future trends to watch for include potential impacts of agricultural policies, changes in global soybean oil prices, and shifts in local demand driven by the food industry and biofuel production. Monitoring these factors will be crucial in accurately projecting future soybean oil distribution in the Philippines.
