Key Market Indicators
Bangladeshi oilseed consumption is projected to reach nearly 200,000 metric tons by 2028, up from approximately 186,000 metric tons in 2023. This marks an average annual growth rate of 0.9%. Since 2019, the country's demand for oilseeds has increased by 1% each year. In 2023, Bangladesh ranked 36th globally in oilseed consumption, with Algeria surpassing it at 186,000 metric tons. India, Indonesia, and Brazil ranked second, third, and fourth, respectively. On the production front, Bangladeshi oilseed output is expected to climb to around 283,000 metric tons by 2028, up from about 263,000 metric tons in 2023. This represents an average annual growth rate of 1.1%. Since 1966, the country's oilseed supply has grown by a modest 0.1% annually. In the global production rankings for 2023, Bangladesh stood at 59th place, with Slovakia just ahead at 263,000 metric tons. Brazil, Malaysia, and the United States occupied the second, third, and fourth positions, respectively.
