Key Market Indicators
Greek oilseeds consumption is projected to remain steady at 200,000 metric tons by 2028, maintaining the same level as in 2023. This marks a stable compound annual growth rate (CAGR) with no significant change in demand since 2019. In the global ranking for 2023, Greece held the 34th position, with South Africa slightly ahead at the same consumption level. Leading the ranking were India, Indonesia, and Brazil, occupying the second, third, and fourth spots, respectively. In contrast, Greek oilseeds production is expected to decline sharply. By 2028, production is forecasted to drop to approximately 192,000 metric tons from the current level of nearly 320,000 metric tons in 2023. This represents an average annual decrease of 8.1%. Historical data since 1966 indicates a consistent yearly decline in Greek oilseeds supply, averaging 2.4% per year. In the 2023 production rankings, Greece was positioned at 52nd place, with Sri Lanka slightly ahead, also producing around 320,000 metric tons. Topping the production charts were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
