Key Market Indicators
Nepalese consumption of Soybean Oil is forecast to reach 128,500 metric tons by 2026, up from 125,000 metric tons in 2021. This represents an average annual growth rate of 0.5%. Since 2017, demand has grown at a 0.3% year-on-year rate. Nepal ranked 23rd in 2021, overtaken by Venezuela with 125,000 metric tons. China, India and Brazil ranked 2nd, 3rd and 4th in the rankings respectively. Nepalese production of Soybean Oil is predicted to reach 19,050 metric tons by 2026, compared to 16,260 metric tons in 2021. This is an average year-on-year growth rate of 2.7%. Since 1966, supplies have been falling at a rate of 0.6% per year. Nepal was ranked 54th in 2021, overtaken by Cambodia with 16,260 metric tons. The United States, Brazil and Argentina ranked 2nd, 3rd and 4th in the rankings respectively.
