Key Market Indicators
Micronesian oilseeds production is projected to reach 7,260 metric tons by 2028, up from 6,740 metric tons in 2023. The industry is expected to grow at an average annual rate of 1.2%. Since the year 2000, Micronesian supply has increased by 1.5% annually. In the global ranking for 2023, Micronesia stood at 136th, just behind Panama, which also produced 6,740 metric tons. Leading the global oilseeds production rankings were Brazil, Malaysia, and the United States, holding the second, third, and fourth spots respectively.
