Key Market Indicators
Tobagonians consumed 12 thousand metric tons of soybean oil in 2021, ranking 73rd in the world. This is unchanged from 2017. Uganda was the leading consumer with 12 thousand metric tons. China, India, and Brazil followed respectively. In 2018, Tobago produced 363 metric tons of soybean oil, a 525.9% increase from 2017. Since 1986, production had decreased by 26.3%. Tobago ranked 87th in the world, with Honduras ahead at 363 metric tons. The United States, Brazil, and Argentina followed respectively. By 2026, Tobagonian soybean oil consumption is projected to reach 12.76 thousand metric tons, a 0.9% increase compared to 2021.
