Key Market Indicators
Santomean oilseeds consumption is projected to rise to 24,000 metric tons by 2028, up from 23,000 metric tons in 2023. This reflects an average annual growth rate of 0.9%. Since 2019, the country's demand for oilseeds has consistently increased at the same rate. In the global ranking for 2023, São Tomé and Príncipe secured the 97th position. Belgium slightly outpaced the nation with a consumption of 23,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots respectively. In contrast, Santomean oilseeds production is expected to decline from 4,500 metric tons in 2023 to approximately 3,340 metric tons by 2028, marking an average annual decrease of 4.7%. Despite this projected decline, historical data shows that since 1966, Santomean oilseeds supply has grown by 2.5% annually. In the 2023 production rankings, São Tomé and Príncipe was 142nd, with Macedonia surpassing it with the same production figure of 4,500 metric tons. Brazil, Malaysia, and the United States were the top producers, ranking second, third, and fourth respectively.
