Key Market Indicators
Lebanon's soybean oil consumption is expected to reach around 36,000 metric tons by 2026, compared to the 36,000 tons consumed in 2021. This marks a 0.1% year-on-year growth rate, with demand remaining stable since 2017. Lebanon came in at 52nd place in the 2021 rankings, with Saudi Arabia overtaking it at 36,000 tons. China, India, and Brazil were in the top three spots, respectively. Lebanon's soybean oil production is projected to reach around 78,000 metric tons by 2026, compared to the 60,700 tons produced in 2021. This marks a 4.1% year-on-year growth rate, with supply increasing 16.9% since 1972. Lebanon came in at 37th place in the 2021 rankings, with Belarus overtaking it at 60,700 tons. The United States, Brazil, and Argentina were in the top three spots, respectively.
