Key Market Indicators
Bolivian oilseeds consumption is projected to reach approximately 21,000 metric tons by 2028, up from 19,000 metric tons in 2023. This marks an average annual growth rate of 1.4%. Since 2019, demand for oilseeds in Bolivia has been increasing at a rate of 2.3% per year. In 2023, Bolivia ranked 103rd globally in oilseeds consumption, with Serbia slightly ahead at the same level of 19,000 metric tons. The top three countries in this ranking were India, Indonesia, and Brazil, respectively. On the production front, Bolivian oilseeds output is expected to reach around 727,000 metric tons by 2028, up from 666,000 metric tons in 2023. This growth represents a compound annual growth rate (CAGR) of 1.4%. Since 1966, Bolivia's oilseeds supply has grown by 2% annually. In 2023, Bolivia ranked 33rd globally in oilseeds production, with Mexico just ahead at the same production level of 666,000 metric tons. The leading producers in this category were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
