Key Market Indicators
American demand for soybean oil is forecast to reach almost 4.7 million metric tons by 2026, growing at a compound annual rate of 0.3% from 2021 to 2026. This increase is slightly slower than the growth seen between 2017 and 2021, when demand rose by 0.8% each year. China, India and Brazil were the top three consumers of soybean oil in the same period. Meanwhile, American production of soybean oil is expected to reach over 12.3 million metric tons by 2026, with a compound annual growth rate of 1.3% from 2021 to 2026. This growth rate is slightly lower than the 2.8% year-on-year growth seen in the period between 1966 and 2021.
