Key Market Indicators
Ecuador's oilseeds consumption is projected to reach approximately 37,500 metric tons by 2028, up from 36,000 metric tons in 2023. This growth represents a modest annual increase of 0.6%. Since 2019, the country's demand for oilseeds has remained largely unchanged. In 2023, Ecuador ranked 83rd globally in oilseeds consumption, with Albania slightly ahead at 36,000 metric tons. The top consumers in this category were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production side, Ecuador's oilseeds output is expected to decrease to roughly 538,000 metric tons by 2028, down from 550,000 metric tons in 2023. This decline translates to an average annual reduction of 0.3%. The country's oilseeds production has seen a more significant drop of 2.4% per year since 1966. In the global ranking for 2023, Ecuador stood at 39th place, just behind Uruguay, which produced 550,000 metric tons. The leading producers were Brazil, Malaysia, and the United States, holding the second, third, and fourth spots, respectively.
