Key Market Indicators
Ugandan oilseeds consumption is projected to hit 307,000 metric tons by 2028, rising from 306,000 metric tons in 2023. This marks a modest annual growth rate of 0.1%. Notably, since 2019, the country's demand for oilseeds has decreased by 0.2% annually. In global rankings for 2023, Uganda stood at 25th place in oilseeds consumption, with Russia surpassing it at an equivalent 306,000 metric tons. Leading the pack were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Uganda's oilseeds output is expected to reach approximately 257,000 metric tons by 2028, up from around 256,000 metric tons in 2023. This also reflects an annual growth rate of 0.1%. Historically, since 1966, Uganda's oilseeds supply has seen a yearly decline of 0.4%. In 2023, Uganda ranked 62nd in oilseeds production, with Costa Rica edging it out with a similar 256,000 metric tons. Brazil, Malaysia, and the United States held the second, third, and fourth positions, respectively, in global production rankings.
