Key Market Indicators
Bangladesh is set to consume 413,000 metric tons of soybean oil by 2026, up from 392,000 metric tons in 2021. This is an average increase of 0.9% year-on-year. Since 2017, the country's demand has grown by 0.7% annually. Bangladesh came in twelfth in the global ranking in 2021, overtaken by Taiwan with 392,000 metric tons. China, India, and Brazil came in second, third, and fourth respectively. Bangladesh is also set to produce 283,440 metric tons of soybean oil by 2026, up from 241,450 metric tons in 2021. This is a compound annual growth rate of 2.7% year-on-year. Since 2017, the country's supply has increased by 2.1% annually. Bangladesh was ranked twenty-third in the global ranking in 2021, surpassed by Ukraine at 241,450 metric tons. The United States, Brazil, and Argentina came in second, third, and fourth respectively.
