Key Market Indicators
Mexico's edible oils production is projected to reach approximately 1.5 million metric tons by 2028, rising from around 1.46 million metric tons in 2023. This indicates a modest year-on-year compound annual growth rate (CAGR) of 0.4%. Since 2019, the country's edible oils supply has increased by about 0.5% annually. In 2023, Mexico ranked 19th globally in edible oils production, with the Netherlands slightly ahead, also producing roughly 1.46 million metric tons. Leading the global rankings, China, Malaysia, and the United States secured the second, third, and fourth positions respectively.
