Key Market Indicators
Bissau-Guinean Oilseeds Consumption is projected to reach 9,000 metric tons by 2028, up from 8,000 metric tons in 2023. This marks an average annual growth rate of 2.4%. Since 2019, the country's demand for oilseeds has been increasing at an average rate of 2.7% per year. In 2023, Guinea-Bissau ranked 124th in global oilseed consumption, with Bosnia and Herzegovina slightly ahead at the same consumption level of 8,000 metric tons. The top consumers in this category were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Bissau-Guinean oilseeds output is expected to climb to 41,350 metric tons by 2028 from 39,630 metric tons in 2023, growing at an average annual rate of 0.7%. Since 1966, the country's oilseed supply has seen a modest year-on-year increase of 0.9%. In 2023, Guinea-Bissau was ranked 100th in global oilseed production, with Gambia slightly ahead with the same production level of 39,630 metric tons. The leading producers were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
