Key Market Indicators
Saudi Arabia's soybean oil consumption is expected to reach 33,500 metric tons by 2026, a decrease of 1.7% from 2021's 37,000 metric tons. Since 2017, demand has risen by 3.9% annually. In 2021, the country was ranked 51st, with Jordan taking the lead at 37,000 metric tons. China, India, and Brazil were the top three in the ranking. Saudi Arabia's soybean oil production is projected to reach 135,100 metric tons by 2026, a growth of 2.3% from 2021's 117,800 metric tons. Since 2013, the nation's supply has increased by 0.5% per year. In 2021, it was placed 30th, with Tunisia ahead at 117,800 metric tons. The US, Brazil, and Argentina were the top three in the ranking.
