Key Market Indicators
Somalian oilseeds production is projected to reach 23,000 metric tons by 2028, up from approximately 21,000 metric tons in 2023. This reflects a compound annual growth rate (CAGR) of 1.1% year over year. Historically, since 1966, Somalia's oilseeds supply has seen an annual increase of 1.5%. In the global rankings for 2023, Somalia occupied the 114th position. Notably, Samoa surpassed Somalia with a production of around 21,000 metric tons. On a broader scale, Brazil, Malaysia, and the United States secured the second, third, and fourth spots, respectively, in oilseeds production rankings.
