Key Market Indicators
Estonia's edible oils production is projected to decrease slightly over the next five years, reaching approximately 54,000 metric tons by 2028. This marks a 0.2% year-on-year decline in compound annual growth rate (CAGR) from the current level of 55,000 metric tons in 2023. The country's output has been on a downward trend since 2019, with a 1.1% annual decrease. In 2023, Estonia ranked 96th globally in edible oils production, just behind Malawi, which produced 55,000 metric tons. Leading the global rankings are China, Malaysia, and the United States, occupying the second, third, and fourth positions, respectively.
