Key Market Indicators
Malagasy oilseeds consumption is projected to remain stable, reaching approximately 41,000 metric tons by 2028, the same level as in 2023. Since 2019, there has been no significant change in the country's demand for oilseeds. As of 2023, Madagascar ranks 79th globally in oilseeds consumption, with the Solomon Islands surpassing it at 41,000 metric tons. Leading the global rankings are India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. In terms of production, Madagascar's oilseeds output is expected to grow modestly. By 2028, production is forecasted to reach around 38,850 metric tons, up from 36,830 metric tons in 2023, marking an average annual growth rate of 0.8%. Historical data indicates a consistent increase in Malagasy oilseeds supply, with a year-on-year rise of 1% since 1966. In 2023, Madagascar ranked 104th in global oilseeds production, with South Korea slightly ahead at 36,830 metric tons. Brazil, Malaysia, and the United States were the top producers, securing the second, third, and fourth spots, respectively.
