Key Market Indicators
Paraguay's soybean oil consumption is set to reach 71,220 metric tons by 2026. This is only a 0.1% increase compared to 2021's 71,000 metric tons. Since 2017, the country's soybean oil demand has gone up 0.5% year-on-year. Paraguay ranked 38th in 2021, with Pakistan overtaking it in terms of consumption. China, India, and Brazil followed as numbers 2, 3, and 4, respectively. Paraguay's soybean oil production is set to reach 1,022,300 metric tons by 2026, a 2.8% year-on-year growth rate since 1966. Paraguay came in 7th in 2021, with Mexico in the lead at 867,770 metric tons. The United States, Brazil, and Argentina followed as numbers 2, 3, and 4, respectively.
