Key Market Indicators
Taiwanese consumption of soybean oil is projected to reach 418,000 metric tons by 2026, up 0.3% from 2021. Since 2017, demand has increased by 0.2% annually. In 2021, the country ranked 11th, with Germany ahead at 411,000 metric tons. China, India, and Brazil were ranked 2nd, 3rd, and 4th, respectively. Taiwanese production of soybean oil is expected to reach 498,000 metric tons by 2026, growing at an average of 0.9% year on year. Since 1966, supply has risen by 1.8% each year. In 2021, Taiwan ranked 17th, with Iran ahead at 473,000 metric tons. The United States, Brazil, and Argentina were ranked 2nd, 3rd, and 4th, respectively.
