Key Market Indicators
Vietnam’s edible oils production is projected to reach 330,000 metric tons by 2028, growing from 310,000 metric tons in 2023. This marks an annual compound growth rate of 1%, according to recent data. Since 2019, Vietnam’s supply of edible oils has increased by approximately 0.9% each year. In 2023, Vietnam ranked 55th globally in edible oils production. Belarus slightly surpassed Vietnam, producing 312,000 metric tons. Leading the global production rankings, China, Malaysia, and the United States held the second, third, and fourth positions, respectively.
