Key Market Indicators
Canada's soybean oil consumption is projected to reach 25,800 metric tons by 2026 — a slight increase of 0.2% year-on-year. This growth has been steady since 2017, when demand rose by 0.7%. The country ranked 58th in 2021, with Nicaragua ahead at 25,500 metric tons. China, India and Brazil ranked second, third and fourth respectively. Canada's soybean oil production is set to reach 448,450 metric tons by 2026 — an increase of 1.8% year-on-year. This growth has been steady since 1966, when production rose 3.3%. Canada ranked 20th in 2021, with Italy ahead at 406,270 metric tons. The United States, Brazil and Argentina ranked second, third and fourth respectively.
