Global Edible Oil Trends in 2024
Edible Oil is part of Processed Food and includes a number of sub-sectors such as Olive Oil, Sunflower Oil, Soybean Oil, Cottonseed Oil and Palm Oil. You may also be interested in Meat, Confectionery and Soup.
Global Edible Oils Production is poised to reach approximately 239 million metric tons by 2028, up from about 226 million metric tons in 2023. This represents an annual growth rate of 0.9%. Since 2019, the global supply has been rising steadily at a rate of 0.7% per year. In 2023, Indonesia led the world with 54 million metric tons of edible oils produced. Following closely were China, Malaysia, and the United States, ranking second, third, and fourth respectively. Notably, Bosnia and Herzegovina saw a significant increase in production, up 9.6% year-on-year. In contrast, Yemen experienced a decline, with a decrease of 5.6% annually since 2019.
Top 10 countries
In 2024 major markets in the Edible Oil Industry were:
World Edible Oil Market Data and Forecasts
How much the Edible Oil industry is expected to grow to 2028?
World Edible Oil Top Rankings
Global Edible Oil Statistics
- Crude Oil Import 219 countries (Europe, Asia, Africa...)
- Crude Oil Export 229 countries (Europe, Asia, Southern Europe...)
- Palm Oil Import 210 countries (Africa, Sub-Saharan Africa, Asia...)
- Olive Oil Import 197 countries (Africa, Sub-Saharan Africa, Asia...)
- Soybean Oil Import 204 countries (Africa, Sub-Saharan Africa, Latin America...)
- Palm Oil Export 168 countries (Africa, Sub-Saharan Africa, Latin America...)
- Edible Oils Import 211 countries (Africa, Sub-Saharan Africa, Asia...)
- Coconut Oil Import 194 countries (Africa, Asia, Sub-Saharan Africa...)
- Olive Oil Export 159 countries (Asia, Middle East, Africa...)
- Soybean Oil Export 158 countries (Asia, Latin America, Africa...)
