Key Market Indicators
Tobagonian oilseeds production is projected to decrease to approximately 1,690 metric tons by 2028, down from roughly 1,830 metric tons in 2023. This marks an average annual decline of 1.3%. Historical data reveals a consistent downward trend in production since 1966, with an average yearly decrease of 1.5%. In 2023, Tobago ranked 152nd globally in oilseeds production, with New Caledonia narrowly surpassing it at around 1,830 metric tons. Leading the global rankings, Brazil secured the top spot, followed by Malaysia and the United States in second and third places, respectively. On the consumption front, Tobagonian oilseeds usage remained stable at about 15,000 metric tons in both 2017 and 2018.
