Key Market Indicators
**Taiwanese Oilseeds Consumption on the Rise** Taiwan's oilseeds consumption is projected to increase from 335,000 metric tons in 2023 to 356,000 metric tons by 2028. This marks a steady growth rate of 1% annually. Since 2019, the country's demand for oilseeds has been rising at an average rate of 0.5% per year. In 2023, Taiwan ranked 22nd globally in oilseeds consumption, with Cameroon surpassing it at the same volume of 335,000 metric tons. The top three countries in oilseeds consumption were India, Indonesia, and Brazil, respectively. **Taiwanese Oilseeds Production Declines** Conversely, Taiwan's oilseeds production is expected to decline from 27,200 metric tons in 2023 to 25,900 metric tons by 2028, reflecting an annual decrease of 0.8%. Since 1966, the country's oilseeds supply has been diminishing at an average rate of 1.6% per year. In 2023, Taiwan stood at 110th position in global oilseeds production, with Laos overtaking it at the same production volume of 27,200 metric tons. The leading producers in this category were Brazil, Malaysia, and the United States, occupying the second, third, and fourth spots, respectively.
