Key Market Indicators
By 2026, Lithuanian Soybean Oil Consumption is forecast to reach 9 thousand metric tons, up from 7 thousand metric tons in 2021. This equates to an average annual growth rate of 5.2% since 2017. In 2021, Lithuania came in at number 83, with Ethiopia overtaking it. The top three countries in this ranking were China, India and Brazil. Lithuanian Soybean Oil Production totalled 89 metric tons in 2021, down 17.8% from 108.3 metric tons in 2020. Since 1998, Lithuanian supply has decreased 15% year on year. In 2021, the country was ranked 91, with Croatia coming ahead with 89 metric tons. The United States, Brazil and Argentina were the top three countries in this ranking.
