Key Market Indicators
Austrian edible oils production is on track to hit approximately 274,000 metric tons by 2028, up from around 261,000 metric tons in 2023. This growth reflects a compound annual growth rate (CAGR) of 0.8%. Since 2019, Austria's supply of edible oils has seen a steady increase of 0.5% per year. Despite this growth, Austria ranked 58th globally in 2023. Venezuela surpassed Austria with an equivalent production of 261,000 metric tons. Leading the global rankings were China, Malaysia, and the United States, occupying the second, third, and fourth spots, respectively.
