Key Market Indicators
Honduran soybean oil consumption is expected to reach 8,000 metric tons by 2026, climbing 3.4% annually on average from 6,000 metric tons in 2021. Since 2017, Honduran demand has been steady. The country was ranked 85th in 2021, with Hungary surpassing it at 6,000 metric tons. China, India, and Brazil were the top three countries in this ranking. Meanwhile, Honduran soybean oil production is predicted to dip 3.3% annually on average to 293 metric tons by 2026, down from 356 metric tons in 2021. Since 1968, Honduran supply has declined 2.2% each year. In 2021, Honduras was 88th in this ranking, with Laos overtaking it at 356 metric tons. The United States, Brazil, and Argentina ranked second, third, and fourth, respectively.
