Key Market Indicators
Kuwait's demand for soybean oil is expected to grow by 1% annually over the next five years, reaching 11.7 thousand metric tons by 2026. This is unchanged since 2017. Kuwait is currently ranked 75th in the world in terms of soybean oil consumption, with Bulgaria (11 thousand metric tons) overtaking them in 2021. China, India, and Brazil are ranked 2nd, 3rd, and 4th respectively. Kuwait's production of soybean oil decreased by 24.3% in 2021 compared to the previous year, with 23 thousand metric tons produced. This is a decrease of 12.9% since 1978. Kuwait is currently ranked 94th in the world, with Azerbaijan (23 thousand metric tons) surpassing them in 2021. The United States, Brazil, and Argentina are ranked 2nd, 3rd, and 4th respectively.
