Key Market Indicators
Ethiopian oilseeds consumption is projected to reach 157,000 metric tons by 2028, up from 152,000 metric tons in 2023. This marks an annual growth rate of 0.5%. Since 2019, demand in Ethiopia has consistently increased by the same annual rate. As of 2023, Ethiopia stands at the 40th position globally, with Angola slightly ahead at 152,000 metric tons. The leading consumers in this category are India, Indonesia, and Brazil, taking the second, third, and fourth spots respectively. On the production front, Ethiopian oilseeds output is expected to climb to 411,000 metric tons by 2028, starting from 371,000 metric tons in 2023. This represents an average annual growth rate of 1.6%. Since 1998, the country's oilseeds supply has been on a steady rise, growing at an annual rate of 3.1%. In 2023, Ethiopia ranked 50th globally in oilseeds production, with Vietnam surpassing it at 371,000 metric tons. Brazil, Malaysia, and the United States hold the second, third, and fourth ranks in production, respectively.
