Key Market Indicators
Estonian oilseeds consumption is projected to remain stable, reaching approximately 2,000 metric tons by 2028, unchanged from its 2023 level. The country's demand has shown constancy since 2019. In the global ranking for 2023, Estonia held the 140th position, with Turkmenistan slightly ahead, also at 2,000 metric tons. Leading the rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots respectively. In contrast, the production of oilseeds in Estonia is on an upward trajectory. By 2028, production is expected to hit around 82,590 metric tons, up from 73,460 metric tons in 2023, reflecting a compound annual growth rate (CAGR) of 1.9%. Since 1997, Estonia's oilseed output has increased by an average of 10.8% annually. In the 2023 rankings, Estonia was positioned at 86th, with the Solomon Islands just ahead, also producing 73,460 metric tons. Dominating the production rankings were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
