Key Market Indicators
Zambian oilseeds consumption is projected to hit 310,000 metric tons by 2028, up from 291,000 metric tons in 2023. This marks an average annual growth rate of 1%. Since 2019, the demand for oilseeds in Zambia has been increasing at a rate of 1.2% per year. In 2023, Zambia ranked 28th globally, with Spain surpassing it at the same 291,000 metric tons level. The top three countries in oilseeds consumption were India, Indonesia, and Brazil, respectively. On the production front, Zambia's oilseeds output is expected to reach approximately 142,000 metric tons by 2028, rising from around 131,000 metric tons in 2023. The country is experiencing an average annual growth rate of 1.3% in production. However, since 1966, Zambia's oilseeds supply has declined by 1% annually. In 2023, Zambia ranked 76th globally, with Sweden slightly ahead, also at 131,000 metric tons. Leading the production ranks were Brazil, Malaysia, and the United States.
