Key Market Indicators
Luxembourg's oilseed consumption is projected to maintain a steady level of 3,000 metric tons by 2028, unchanged from its 2023 figure. Since 2019, the nation's demand for oilseeds has remained stable. In the global ranking for 2023, Luxembourg stood at 137th place, with Mauritania slightly ahead at 3,000 metric tons. The top three spots were held by India, Indonesia, and Brazil, respectively. On the production front, Luxembourg's oilseed output is expected to decline. Projections indicate a decrease to 2,880 metric tons by 2028, down from 3,490 metric tons in 2023. This represents an average annual reduction of 3%. Historically, since 2005, Luxembourg's oilseed production has been decreasing at an average rate of 4% per year. In 2023, Luxembourg was ranked 144th in oilseed production, with Guam surpassing it at 3,490 metric tons. The leading producers in the world were Brazil, Malaysia, and the United States, occupying the second, third, and fourth positions, respectively.
