Key Market Indicators
Ghana's oilseeds consumption is projected to decline slightly, reaching approximately 401,000 metric tons by 2028, down from around 403,000 metric tons in 2023. This represents an average annual decrease of 0.1%. Since 2019, the country's demand for oilseeds has fallen at an average rate of 0.5% per year. In 2023, Ghana ranked 17th in oilseeds consumption, with South Korea slightly ahead at 403,000 metric tons. Leading the global rankings, India, Indonesia, and Brazil were in the second, third, and fourth positions, respectively. On the production front, Ghana's oilseeds output is expected to grow, reaching approximately 977,000 metric tons by 2028, up from about 895,000 metric tons in 2023. This marks an average annual growth rate of 1.4%. Historically, since 1966, Ghana's oilseeds production has increased at an average rate of 1.6% per year. In 2023, Ghana was the 26th largest producer, with Poland surpassing it at roughly 895,000 metric tons. Globally, Brazil, Malaysia, and the United States occupied the second, third, and fourth spots in oilseeds production rankings, respectively.
