Key Market Indicators
Austrian oilseed consumption is projected to reach approximately 52,000 metric tons by 2028, rising from around 50,000 metric tons in 2023. This growth represents an average annual increase of 0.8%. Since 2019, Austrian demand for oilseeds has consistently grown at this rate. In 2023, Austria ranked 66th globally in oilseed consumption, with Tunisia surpassing it at 50,000 metric tons. Leading the global rankings, India, Indonesia, and Brazil held the second, third, and fourth positions, respectively. On the production front, Austria's oilseed output is expected to climb to nearly 120,000 metric tons by 2028, up from about 116,000 metric tons in 2023. This marks an average annual growth rate of 0.5%. Since 1966, Austrian oilseed production has seen a steady increase of 0.9% per year. In the 2023 global production rankings, Austria stood at 80th place, with Chile slightly ahead at approximately 116,000 metric tons. Dominating the top spots, Brazil, Malaysia, and the United States ranked second, third, and fourth, respectively.
