Key Market Indicators
Iranian soybean oil consumption is predicted to reach 610,000 metric tons by 2026. This is an increase of 0.5% from its 2021 rate of 593,000 metric tons. Since 2017, the country has seen a 0.4% annual growth in demand. In 2021, Iran ranked fifth, with Brazil taking the lead at 593,000 metric tons. China, India and Brazil were second, third and fourth, respectively. Iranian soybean oil production is anticipated to reach 619,190 metric tons by 2026. This is a 3.3% increase from the 506,240 metric tons in 2021. Since 1966, production has increased by 7.1% each year. In 2021, Iran was fifteenth, with Bolivia ahead at 506,240 metric tons. The United States, Brazil and Argentina ranked second, third and fourth, respectively.