Key Market Indicators
Jamaican oilseeds consumption is projected to reach 43,000 metric tons by 2028, up from 42,000 metric tons in 2023, marking an average annual growth rate of 0.5%. Since 2019, the nation's demand has consistently increased by this same rate. In the global rankings for 2023, Jamaica placed 77th, with Rwanda surpassing it at 42,000 metric tons. Leading the rankings were India, Indonesia, and Brazil, holding the second, third, and fourth positions, respectively. Meanwhile, Jamaican oilseeds production is anticipated to decline to 8,870 metric tons by 2028, down from 11,390 metric tons in 2023, reflecting an average annual decrease of 4%. Historical data since 1966 shows a continuous yearly decline of 4.2% in production. In 2023, Jamaica ranked 125th, with the Comoros slightly ahead at 11,390 metric tons. The top producers in this category were Brazil, Malaysia, and the United States, occupying the second, third, and fourth spots, respectively.
