Key Market Indicators
Azerbaijan's production of edible oils is projected to climb to approximately 225,000 metric tons by 2028. This marks a steady increase from the 204,000 metric tons expected in 2023, reflecting an average annual growth rate of 1.6%. Since 2019, the nation's edible oil supply has been on an upward trajectory, with an average yearly increase of 2.7%. In the global rankings for 2023, Azerbaijan holds the 64th position. Morocco has recently surpassed Azerbaijan, also producing around 204,000 metric tons. Leading the global edible oils production are China, Malaysia, and the United States, occupying the second, third, and fourth spots respectively.
