Key Market Indicators
Consumption of soybean oil in Gabon is expected to decline to 0.7 thousand metric tons by 2026, from 1 thousand metric tons in 2021. This is an average yearly decrease of 5.4% since 2017. Gabon currently ranks 102nd in global consumption, with Estonia surpassing it at 1 thousand metric tons. China, India and Brazil are ranked 2nd, 3rd and 4th respectively. The production of soybean oil in Gabon is set to reach 1,250 metric tons by 2026, from 1,120 metric tons in 2021, with an average annual growth of 1.8% since 1989. The country is currently ranked 83rd in production, with Peru overtaking it at 1,120 metric tons. The United States, Brazil and Argentina are ranked 2nd, 3rd and 4th respectively.
