Key Market Indicators
Belgian production of edible oils is projected to reach 1.38 million metric tons by 2028, up from 1.3 million metric tons in 2023. This represents an average annual growth rate of 1%. Since 2019, Belgium's supply of edible oils has been increasing at a rate of 1.5% per year. In 2023, Belgium ranked 20th globally in edible oils production, with Mexico surpassing it with the same production figure of 1.3 million metric tons. Leading the global rankings are China, Malaysia, and the United States, coming in at second, third, and fourth places respectively.
