Key Market Indicators
Zimbabwean oilseeds consumption is projected to hit 55,000 metric tons by 2028, up from 48,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.9%. Since 2019, the country's demand for oilseeds has increased by 2.2% annually. As of 2023, Zimbabwe was ranked 70th in global oilseeds consumption, with Laos surpassing it at the same 48,000 metric tons mark. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. In contrast, Zimbabwean oilseeds production is anticipated to decline. By 2028, production is expected to decrease to approximately 43,890 metric tons from 47,990 metric tons in 2023, marking a CAGR decline of 1.4%. Since 1966, the country's oilseeds supply has decreased annually by 4.4%. In 2023, Zimbabwe was ranked 92nd in oilseeds production, with Turkmenistan surpassing it at 47,990 metric tons. Globally, Brazil, Malaysia, and the United States held the second, third, and fourth positions in oilseeds production, respectively.
