Key Market Indicators
Colombia's soybean oil consumption is projected to rise to 248,460 metric tons by 2026, with an average annual growth rate of 1.4%. This is a slight increase compared to the 1.8% year-on-year growth recorded since 2017. In 2021, the country is currently ranked 19th, with France coming in at the top spot with 229,000 metric tons. China, India, and Brazil hold the next three spots respectively. Meanwhile, Colombia's soybean oil production is expected to reach 162,340 metric tons by 2026, growing at an average annual rate of 2.2%. Since 1966, the country's supply has risen by 0.4% year-on-year. In 2021, Colombia is in 28th place, with France coming in at the top with 142,470 metric tons. The United States, Brazil, and Argentina hold the next three spots respectively.
