Key Market Indicators
Ni-Vanuatu's oilseeds consumption is projected to reach 48,000 metric tons by 2028, up from 47,000 metric tons in 2023. This marks an average annual growth rate of 0.4%. Since 2019, the country's demand for oilseeds has consistently increased by 0.4% each year. In 2023, Ni-Vanuatu ranked 72nd worldwide in oilseeds consumption, with Zimbabwe slightly ahead at 47,000 metric tons. The top three consumers in this sector were India, Indonesia, and Brazil, respectively. On the production front, Ni-Vanuatu's oilseeds output is expected to decline to 39,130 metric tons by 2028 from 39,610 metric tons in 2023, representing a compound annual growth rate (CAGR) of -0.2%. Since 1966, the country's oilseeds supply has decreased by 0.1% annually. In terms of production rankings for 2023, Ni-Vanuatu stood at 101st, with Guinea-Bissau just ahead at 39,610 metric tons. The leading producers were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
