Key Market Indicators
By 2028, oilseeds consumption in Ivory Coast is projected to hit approximately 138,000 metric tons, up from 123,000 metric tons in 2023. This growth represents a compound annual growth rate (CAGR) of 1.8%. Since 2019, the demand in Ivory Coast has grown at an average annual rate of 5.1%. In 2023, Ivory Coast ranked 44th globally in oilseeds consumption, with Kenya narrowly ahead at the same consumption level. Major consumers, India, Indonesia, and Brazil, took the second, third, and fourth spots, respectively. On the production front, Ivory Coast's oilseeds output is expected to rise to nearly 657,000 metric tons by 2028, up from around 608,000 metric tons in 2023. This marks an average annual growth rate of 1.2%. Historical data shows that since 1966, the country's oilseeds supply has increased by an average of 0.8% per year. In 2023, Ivory Coast ranked 36th in global oilseeds production, with the Democratic Republic of the Congo slightly ahead, also at approximately 608,000 metric tons. The leading producers, Brazil, Malaysia, and the United States, occupied the second, third, and fourth positions, respectively.
