Key Market Indicators
**Uruguayan Oilseeds Consumption Stable at 16,000 Metric Tons by 2028** Uruguayan oilseeds consumption is projected to maintain a steady 16,000 metric tons from 2023 to 2028, reflecting no change in compound annual growth rate (CAGR). Since 2019, demand in Uruguay has shown no fluctuations, keeping the country at the 107th position globally in 2023. Paraguay ranked just ahead, also at 16,000 metric tons. Leading the global ranking, India, Indonesia, and Brazil occupied the second, third, and fourth positions, respectively. **Production to Rise by 2028** On the production front, Uruguay is set to increase its oilseeds output to approximately 623,000 metric tons by 2028, up from around 552,000 metric tons in 2023. This signifies a 1.9% annual growth rate. Historical data since 1966 reveals a significant upward trend in Uruguayan supply, with an annual increase of 15.7%. In 2023, Uruguay ranked 38th in oilseeds production, with Honduras slightly ahead at around 552,000 metric tons. Globally, Brazil, Malaysia, and the United States secured the second, third, and fourth positions, respectively.
