Key Market Indicators
Mongolia's oilseeds production is projected to reach approximately 11,800 metric tons by 2028, up from about 10,400 metric tons in 2023. This represents an average annual growth rate of 2%. The country's oilseeds supply has been increasing at an average rate of 2.7% annually since 2011. In 2023, Mongolia was ranked 129th globally in oilseeds production. French Polynesia surpassed Mongolia with a production level of 10,400 metric tons. Leading the global rankings were Brazil, Malaysia, and the United States, occupying the second, third, and fourth positions, respectively. On the consumption front, Mongolia maintained steady oilseeds consumption at 1,000 metric tons in both 2017 and 2018. This suggests no significant change in domestic demand during that period.
