Key Market Indicators
By 2026, Japanese soybean oil consumption is projected to reach 475,000 metric tons, up 0.9% year-on-year on average since 2017. In 2021, Japan ranked ninth in this category, with South Korea ahead of it at 449,000 metric tons. China, India, and Brazil took the top three spots. Meanwhile, Japanese soybean oil production is estimated to fall 0.5% year-on-year to 442,490 metric tons in 2026. Since 1966, Japanese supply has increased 0.6% annually. The country was 18th in 2021, with Taiwan outranking it at 455,180 metric tons. The United States, Brazil, and Argentina followed.
