Key Market Indicators
Consumption of edible oils in Cyprus is predicted to reach 21,000 metric tons by 2026, up from 20,000 metric tons in 2021. This average yearly growth rate of 1% has been consistent since 2017. In 2021, Cyprus was ranked 128th for consumption, with Trinidad and Tobago ranking higher at 20,000 metric tons. China, the US and Brazil took the top three spots in the ranking. Production of edible oils in Cyprus is expected to reach 3,080 metric tons by 2026, up from 3,000 metric tons in 2021. This yearly compound annual growth rate of 0.4% has remained constant since 2017. In 2021, Cyprus was ranked 135th for production, with Kiribati ahead at 3,000 metric tons. China, Malaysia and the US took the top three spots in the ranking.
