Key Market Indicators
Paraguayan oilseeds consumption is projected to remain steady at around 16,000 metric tons by 2028, the same level as in 2023. This reflects a flat compound annual growth rate (CAGR). Since 2019, Paraguay has seen a yearly decline of 1.2% in oilseeds demand. In 2023, Paraguay was ranked 107th in global oilseeds consumption, with Norway surpassing it at the same level of 16,000 metric tons. India, Indonesia, and Brazil occupied the second, third, and fourth positions, respectively. On the production front, Paraguayan oilseeds output is expected to increase to approximately 2.05 million metric tons by 2028, up from 1.91 million metric tons in 2023, representing a 1.2% annual growth rate. However, since 1966, Paraguay's oilseeds supply has decreased by 1.7% annually. In 2023, Paraguay ranked 17th in global oilseeds production, with Spain slightly ahead at 1.91 million metric tons. Brazil, Malaysia, and the United States ranked second, third, and fourth, respectively, in this category.
