Key Market Indicators
Gabon is projected to see its oilseeds consumption rise to approximately 33,000 metric tons by 2028, up from around 31,000 metric tons in 2023. This marks an average annual growth rate of 0.8%. Since 2019, the demand for oilseeds in Gabon has increased by 1.3% per year. In 2023, the country ranked 87th in global consumption, with Portugal slightly ahead at 31,000 metric tons. India, Indonesia, and Brazil held the second, third, and fourth positions respectively. On the production front, Gabon's oilseeds output is expected to reach about 17,300 metric tons by 2028, growing from roughly 16,200 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1%. Historically, since 1966, Gabonese oilseeds production has been increasing at an annual rate of 1.7%. In 2023, Gabon ranked 119th in global production, with Guyana surpassing it at 16,230 metric tons. The leading producers, Brazil, Malaysia, and the United States, held the second, third, and fourth spots in the global rankings for oilseeds production.
