Key Market Indicators
Irish consumption of soybean oil is expected to remain stable at 14,000 metric tons by 2026, with no change in average rate since 2017. Romania surpassed Ireland in 2021, and the top four countries in terms of consumption are China, India and Brazil. Irish production of soybean oil is expected to rise 3.7% year on year on average to 12,000 metric tons by 2026. Since 1974, the country's production has increased by 18.6% year on year. Slovakia, the United States, Brazil and Argentina are the top four countries in terms of production.
