Key Market Indicators
Malaysian edible oils production is projected to hit approximately 23,750 thousand metric tons by 2028, up slightly from 23,740 thousand metric tons recorded in 2023. This marginal increase indicates a stagnant compound annual growth rate (CAGR) over the five-year period. Since 2019, the Malaysian supply of edible oils has shown zero percent growth year on year. In 2023, Malaysia ranked third globally in terms of production, with China surpassing it by producing the same amount, 23,740 thousand metric tons. The top three producers in this sector for 2023 were China, Malaysia, and the United States, holding the second, third, and fourth positions respectively in the global ranking.
