Key Market Indicators
Iran's production of edible oils is projected to climb to approximately 1 million metric tons by 2028, up from 843,000 metric tons in 2023. This marks an annual growth rate of 2.9%. Since 2019, the country's supply of edible oils has seen a steady increase, averaging a 4.7% rise each year. In 2023, Iran ranked 27th globally in edible oil production. Paraguay surpassed Iran with an equal production of 843,000 metric tons. The top producers in this sector include China, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
