Key Market Indicators
Germany is forecast to consume 467 thousand metric tons of soybean oil in 2026, a 1.1% annual increase from 437 thousand metric tons in 2021. Since 2017, German demand has grown by an average of 1.1% each year. In 2021, Germany was the 10th-largest consumer, behind Japan's 437 thousand metric tons. China, India, and Brazil took the top three spots in the ranking. German soybean oil production is set to reach 642,100 metric tons in 2026, a 0% annual increase from 641,510 metric tons in 2021. Since 1966, German supply has decreased by an average of 0.9% each year. In 2021, Germany came in 10th place, just behind the Netherlands' 641,510 metric tons. The United States, Brazil, and Argentina took the top three spots in the ranking.
