Key Market Indicators
Austrian consumption of soybean oil is forecast to grow 1.9% year on year until 2026, reaching 11 thousand metric tons. This follows a period of stagnation since 2017. In 2021, Austria ranked 76th in the world, with consumption of 10 thousand metric tons. China, India, and Brazil were the top three countries in terms of consumption. Meanwhile, Austrian production of soybean oil is set to reach 30,320 metric tons by 2026, growing 3.4% year on year. Since 1997, the country has seen a 13.6% increase in production. In 2021, Austria was 46th in the world, with production of 24,670 metric tons. The US, Brazil, and Argentina were the top three producers.
