Key Market Indicators
**Sierra Leone's Oilseeds Consumption Declines as Production Rises** Sierra Leone's oilseeds consumption is projected to decline to 22,000 metric tons by 2028, down from 27,000 metric tons in 2023. This represents an average annual decrease of 3.3%. The country's demand for oilseeds has been on a downward trend since 2019, with a consistent yearly drop of 3.3%. In 2023, Sierra Leone ranked 88th globally in oilseeds consumption, while New Zealand matched Sierra Leone with 27,000 metric tons. Leading the global rankings in consumption are India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. Conversely, Sierra Leone's oilseeds production is set to increase. By 2028, production is expected to reach approximately 95,500 metric tons, up from 87,900 metric tons in 2023. This indicates an average annual growth rate of 1.3%. Historically, Sierra Leone's oilseeds supply has shown a positive trend, increasing by an average of 6.7% per year since 1966. In 2023, Sierra Leone was ranked 84th in global oilseeds production, with Nicaragua surpassing it at 87,900 metric tons. Leading producers include Brazil, Malaysia, and the United States, ranked second, third, and fourth, respectively.
