Key Market Indicators
Australian Edible Oils Production is projected to hit 720,000 metric tons by 2028, up from 706,000 metric tons in 2023. This represents an annual growth rate of 0.3%. Since 2019, the country's supply has consistently increased at a rate of 0.4% per year. In 2023, Australia ranked 33rd in global production, with Romania surpassing it with 706,000 metric tons. Leading the rankings, China, Malaysia, and the United States secured the second, third, and fourth positions, respectively.
