Key Market Indicators
Azerbaijan is projected to see a rise in production of edible oils over the next five years. In 2021, the country produced 196 thousand metric tons, up from 193 thousand metric tons in 2017. This represents a CAGR of 1.7%. Azerbaijan came in 65th place in the global ranking, overtaken by Morocco with 196 thousand metric tons. China, Malaysia, and the U.S. were the top three producers, respectively. Azerbaijan's consumption of edible oils is expected to reach 51.24 thousand metric tons by 2026, up from 51 thousand metric tons in 2021. This equates to an average yearly growth of 0.2%. In 2021, Azerbaijan was 103rd in the global ranking, with Uruguay ahead of them with 51 thousand metric tons. China, the U.S., and Brazil were the top three consumers, respectively.
