Key Market Indicators
The production of edible oils in Finland is projected to decline significantly over the next five years. By 2028, it is expected to drop to approximately 50,000 metric tons from the current level of 64,000 metric tons recorded in 2023. This represents a compound annual growth rate (CAGR) decrease of 3.9%. Since 2019, the Finnish edible oils supply has been consistently falling, with an average annual decline of 3.4%. In 2023, Finland ranked 92nd globally in edible oil production. During the same period, Chad surpassed Finland, also reporting a production level of around 64,000 metric tons. Leading the global rankings, China, Malaysia, and the United States stood at positions two, three, and four, respectively, in terms of edible oil production.
