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Vietnam Soybean Oil Industry Outlook 2022 - 2026

See how Vietnam Soybean Oil performed compared to key markets such as the United States, China and India.

Key Market Indicators

Vietnamese demand for Soybean Oil is predicted to decrease by 0.8% annually over the next five years. In 2021, the country consumed 79 thousand metric tons of Soybean Oil, making it the 34th largest consumer in the world. This is a decrease of 0.4% from the 2017 figures. Cuba ranked ahead of Vietnam, consuming 79 thousand metric tons that year. China, India, and Brazil respectively ranked second, third, and fourth in consumption. Vietnamese production of Soybean Oil is forecast to increase by 3.5% annually over the next five years. In 2021, the country produced 83,910 metric tons of Soybean Oil, making it the 33rd largest producer in the world. This is an increase of 11.2% from the 1966 figures. Malaysia overtook Vietnam in 2021, producing 83,910 metric tons. The United States, Brazil, and Argentina respectively ranked second, third, and fourth in production.

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Vietnam Soybean Oil Market Data and Forecasts

How much will Vietnam Soybean Oil Market grow to 2026?

Forecast: Soybean Oil Supply in Vietnam
Forecast: Soybean Oil Production in Vietnam
Forecast: Soybean Oil Domestic Consumption in Vietnam
Forecast: Soybean Oil Domestic Food Consumption in Vietnam
Forecast: Soybean Oil Distribution in Vietnam
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