Key Market Indicators
Senegal's oilseeds consumption is projected to reach approximately 131,000 metric tons by 2028, up from 122,000 metric tons in 2023. This marks an average annual growth rate of 1.1%. Since 2019, the country's demand for oilseeds has increased by 1.5% each year. In 2023, Senegal ranked 45th globally in oilseeds consumption, with Ivory Coast surpassing it at 122,000 metric tons. India, Indonesia, and Brazil held the second, third, and fourth positions, respectively. Meanwhile, Senegal's oilseeds production is expected to climb to around 641,000 metric tons by 2028, rising from 549,000 metric tons in 2023. This indicates an average annual growth rate of 2.4%. Since 1966, the country's oilseeds supply has grown by 2.3% each year. In 2023, Senegal was ranked 40th worldwide in oilseeds production, with Ecuador overtaking it at 549,000 metric tons. Brazil, Malaysia, and the United States occupied the second, third, and fourth rankings, respectively.
