Key Market Indicators
**Honduran Oilseed Market Projects Steady Consumption, Rising Production by 2028** Honduras' oilseed consumption is projected to maintain a steady level over the next five years. According to recent data, the country's consumption is expected to remain flat at approximately 12,000 metric tons annually from 2023 to 2028. This stability continues a trend observed since 2019. In the global context, Honduras ranked 117th in oilseed consumption in 2023. Oman surpassed Honduras with an identical consumption level of 12,000 metric tons. Notably, India, Indonesia, and Brazil held the top three positions in this ranking. On the production front, Honduras is set to experience growth. The country's oilseed production is anticipated to reach nearly 648,000 metric tons by 2028, up from approximately 582,000 metric tons in 2023. This represents an average annual growth rate of 1.7%. Historically, Honduran oilseed supply has shown a consistent upward trend, growing at an average rate of 1.3% per year since 1966. In 2023, Honduras was ranked 37th globally in oilseed production, with the Ivory Coast overtaking it with an equivalent production level. Brazil, Malaysia, and the United States were the leading producers, occupying the second, third, and fourth positions, respectively, in the global oilseed production rankings.
