Key Market Indicators
Nicaragua's demand for soybean oil is projected to reach 26,200 metric tons in 2026, up from 26,000 tons in 2021 - representing a 0.2% year-on-year increase. Since 2017, the country's demand has risen by a yearly rate of 1.3%. Nicaragua was the 57th largest importer in 2021, with the Philippines outstripping it at 26,000 metric tons. China, India, and Brazil followed in second, third and fourth place respectively. Nicaragua's production of soybean oil is estimated to grow to 2,140 metric tons in 2026, from 1,920 metric tons in 2021 - registering an average year-on-year growth of 1.8%. Since 1972, the country's supply has grown by a yearly rate of 1.3%. Nicaragua was the 77th largest producer in 2021, with Switzerland leading at 1,920 metric tons. The United States, Brazil, and Argentina ranked second, third, and fourth respectively.
