Key Market Indicators
**Mexican Oilseeds Consumption on the Rise** Mexico's oilseeds consumption is projected to reach approximately 374,000 metric tons by 2028, up from around 364,000 metric tons in 2023. This marks an average annual growth of 0.4%. Since 2019, the country's demand for oilseeds has been increasing at an average yearly rate of 0.6%. In 2023, Mexico ranked 20th globally in oilseeds consumption, just behind Niger, which also recorded around 364,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. **Steady Growth in Mexican Oilseeds Production** On the production front, Mexico is expected to produce about 782,000 metric tons of oilseeds by 2028. This is up from roughly 705,000 metric tons in 2023, representing an average annual growth rate of 1.6%. Since 1966, Mexico's oilseeds supply has been growing at an annual rate of 1.8%. In the 2023 rankings, Mexico stood at 32nd place, with Cameroon surpassing it by producing around 705,000 metric tons. Brazil, Malaysia, and the United States were the top producers, ranking second, third, and fourth respectively.
