Key Market Indicators
Guyanese oilseeds consumption is projected to rise to approximately 26,300 metric tons by 2028, up from 26,000 metric tons in 2023. This represents a modest annual growth rate of 0.2%. Since 2019, oilseeds demand in Guyana has remained steady. In the global rankings for 2023, Guyana held the 91st position, with Sierra Leone narrowly ahead at 26,000 metric tons. Leading the global consumption rankings were India, Indonesia, and Brazil, holding the second, third, and fourth positions respectively. On the production side, Guyanese oilseeds output is expected to reach around 21,240 metric tons by 2028, climbing from 18,680 metric tons in 2023. This reflects a compound annual growth rate (CAGR) of 2%. Historically, since 1966, oilseeds production in Guyana has seen a yearly increase of 0.9%. In 2023, Guyana was ranked 118th in production, with Kiribati just ahead, also at 18,680 metric tons. The top producers globally were Brazil, Malaysia, and the United States, occupying the second, third, and fourth positions respectively.
