Key Market Indicators
Consumption of soybean oil in Argentina is projected to reach 117 thousand metric tons in 2026. This represents a 0.1% year-on-year growth rate, compared to 0.6% year-on-year decline since 2017. In 2021, Argentina ranked 24th in this market, while Nepal overtook with 116 thousand metric tons. China, India and Brazil ranked 2nd, 3rd and 4th respectively. Meanwhile, soybean oil production in Argentina is forecast to reach 8.6 million metric tons in 2026. The average yearly growth rate is 1.2%, compared to a 1.6% year-on-year decline since 1966. In 2021, Brazil was the largest producer with 7.99 million metric tons, followed by the United States, Brazil and Argentina.
