Key Market Indicators
Belarusian soybean oil consumption is on the rise, reaching 18,000 metric tons in 2026 from 16,000 metric tons in 2021, a 2.4% year-on-year growth rate. Since 2017, the country's demand has increased by 10.1%. Belarus was number 65 in 2021, with the Czech Republic coming in at number 64 with 16,000 metric tons. China, India, and Brazil were numbers 2, 3, and 4, respectively. Meanwhile, Belarusian soybean oil production is expected to reach 82,000 metric tons by 2026 from 62,050 metric tons in 2021, a 4.5% year-on-year growth rate. Since 2017, the country's supply has jumped by 0.5%. Belarus was number 36 in 2021, with Greece at number 35 with 62,050 metric tons. The United States, Brazil, and Argentina were numbers 2, 3, and 4, respectively.
