Key Market Indicators
The production of edible oils in Guyana is projected to reach approximately 5,900 metric tons by 2028, up from 5,000 metric tons in 2023. This marks a compound annual growth rate (CAGR) of 2.6% year-on-year. Since 2019, Guyana's supply has been increasing at a rate of 4.6% annually. In the 2023 rankings, Guyana was positioned at number 127, with Yemen slightly ahead at 5,000 metric tons. Globally, China, Malaysia, and the United States held the second, third, and fourth spots, respectively. In terms of consumption, Guyana maintained a steady intake of edible oils, reaching 4,000 metric tons in both 2018 and 2017.
