Key Market Indicators
Korean Edible Oils Consumption is set to reach 983 Thousand Metric Tons by 2026 from 973 Thousand Metric Tons in 2021, growing 0.2% year on year on average. Since 2017, Korean demand was down by 0% year on year. The country ranked number 20 in 2021, Iran overtook with 973 Thousand Metric Tons. China, the United States and Brazil respectively ranked numbers 2, 3 and 4 in this ranking.
Korean Edible Oils Production is set to reach 310.9 Thousand Metric Tons by 2026 from 307 Thousand Metric Tons in 2021, growing 0.2% year on year on average. Since 2017, Korean supply jumped by 0.9% year on year. The country came in number 56 in 2021, Belarus overtook at 307 Thousand Metric Tons. China, Malaysia and the United States respectively were numbers 2, 3 and 4 in this ranking.
