Key Market Indicators
New Zealand's oilseed consumption is projected to remain constant, reaching 27,000 metric tons by 2028, the same level as in 2023. This flat growth trajectory reflects a zero percent compound annual growth rate (CAGR) since 2019. In the global ranking for 2023, New Zealand stood at 88th place, with Sweden just ahead at 27,000 metric tons. The top three positions were held by India, Indonesia, and Brazil, respectively. Conversely, New Zealand's oilseed production is expected to decline significantly. By 2028, production is forecasted to drop to approximately 815 metric tons from 1,030 metric tons in 2023, marking an average annual decrease of 3.7%. This decline continues a longstanding trend, as New Zealand's oilseed supply has been decreasing by 3.2% annually since 1966. In 2023, the country ranked 155th in production, with Saint Lucia surpassing it at 1,030 metric tons. The leading producers in this sector were Brazil, Malaysia, and the United States, occupying the second, third, and fourth spots, respectively.
