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The Czech Republic Soybean Oil Industry Outlook 2022 - 2026

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

Key Market Indicators

Czech consumption of soybean oil is forecast to reach 17,000 metric tons by 2026. This represents a 1.2% average yearly growth rate since 2021, when consumption stood at 16,000 metric tons. From 2017 to 2021, demand rose by 2.2% on average each year. In 2021, the Czech Republic was ranked 65th globally, with Zambia overtaking them at 16,000 metric tons. China, India, and Brazil were the world's second, third, and fourth-largest consumers respectively. Czech production of soybean oil is expected to reach 7,150 metric tons by 2026, rising 0.4% on average each year since 2021, when production was at 6,960 metric tons. Since 1998, Czech supply has declined by 8.2% annually. In 2021, the Czech Republic placed 60th globally, with the United Arab Emirates ahead at 6,960 metric tons. The United States, Brazil, and Argentina were the world's second, third, and fourth-largest producers respectively.

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The Czech Republic Soybean Oil Market Data and Forecasts