Key Market Indicators
Burkina Faso's oilseeds consumption is projected to reach approximately 405,000 metric tons by 2028, up from 385,000 metric tons in 2023. This growth represents an average yearly increase of 0.8%. Since 2019, the country's demand has risen by 1.2% annually. In 2023, Burkina Faso ranked 18th globally in oilseeds consumption, with Ghana surpassing it at the same consumption level of 385,000 metric tons. Leading the rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. On the production front, Burkina Faso is expected to produce 487,000 metric tons of oilseeds by 2028, increasing from 421,000 metric tons in 2023. This marks an average annual growth rate of 2.3%. Historical data since 1966 indicates that Burkinabe oilseeds supply has grown at a rate of 7.6% per year. In 2023, the country was ranked 46th in oilseeds production, trailing behind Chad, which also produced 421,000 metric tons. The top producers in this category were Brazil, Malaysia, and the United States, ranking second, third, and fourth respectively.
