Key Market Indicators
Turkmenistan's oilseeds consumption is projected to remain stable at 2,000 metric tons by 2028, maintaining the same level as in 2023. This stability in demand has been consistent since 2019. In the global ranking for 2023, Turkmenistan secured the 140th position, with Belize slightly ahead at the same consumption level. Leading the rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots, respectively. However, Turkmenistan's oilseeds production is expected to decline over the same period. By 2028, production is predicted to drop to nearly 39,400 metric tons from approximately 50,600 metric tons in 2023, representing an average annual decrease of 4%. This downward trend has been ongoing since 1997, with the supply decreasing by 4.1% each year. In 2023, Turkmenistan was ranked 91st in oilseeds production, with Tajikistan surpassing it at the same production level. Brazil, Malaysia, and the United States were the top producers, ranking second, third, and fourth, respectively.
