Key Market Indicators
Ireland's oilseeds consumption is projected to rise to 20,000 metric tons by 2028, up from 19,000 metric tons in 2023. This increase represents a compound annual growth rate (CAGR) of approximately 1% year over year. Since 2019, the demand for oilseeds in Ireland has grown by 1.1% annually. In 2023, Ireland ranked 103rd globally in oilseeds consumption, with Bolivia surpassing it at 19,000 metric tons. The top three countries in this ranking were India, Indonesia, and Brazil, respectively. On the production side, Ireland's oilseeds output is expected to reach 16,360 metric tons by 2028, up from 15,430 metric tons in 2023. This translates to an average annual growth rate of 0.9%. Since 1980, the country's oilseeds supply has seen a modest annual increase of 0.2%. In 2023, Ireland was ranked 120th in global oilseeds production, with Gabon overtaking it at 15,430 metric tons. The leading producers were Brazil, Malaysia, and the United States, occupying the second, third, and fourth positions, respectively.
