Key Market Indicators
North Korea's soybean oil consumption is forecast to reach 97,100 metric tons by 2026. This is a 0.1% decrease from 2021's total of 98,000 metric tons. The country's demand for soybean oil has remained stable since 2017. Russia overtook North Korea in 2021, with 98,000 metric tons consumed. China, India, and Brazil ranked second, third, and fourth, respectively. North Korea's soybean oil production is expected to reach 31,410 metric tons by 2026. This is a 1.6% decrease from 2021's total of 34,440 metric tons. The country's supply of soybean oil has decreased by 0.8% year on year since 1966. Romania surpassed North Korea in 2021, with 34,440 metric tons produced. The United States, Brazil, and Argentina ranked second, third, and fourth, respectively.
