Key Market Indicators
Costa Rican soybean oil consumption is expected to reach 57,250 metric tons by 2026, up from 52,000 metric tons in 2021. This is an average growth rate of 1.6% year-on-year. Since 2017, demand in Costa Rica has increased by 2% annually. In 2021, the country ranked 42nd, with Belgium ahead of it at 52,000 metric tons. China, India, and Brazil ranked second, third, and fourth, respectively, in this ranking. Costa Rican soybean oil production is forecast to reach 57,500 metric tons by 2026, up from 52,950 metric tons in 2021. This is an average increase of 1.4% year-on-year since 1991. In 2021, Costa Rica ranked 40th, with Serbia ahead of it at 52,950 metric tons. The United States, Brazil, and Argentina placed second, third, and fourth, respectively, in this ranking.
