Key Market Indicators
Bosnia's oilseeds consumption is projected to reach approximately 10,000 metric tons by 2028, up from about 9,000 metric tons in 2023. This marks an average annual growth rate of 2.1%. Notably, since 2019, Bosnian demand for oilseeds has remained unchanged. In the 2023 rankings, Bosnia stood at 123rd, with Belarus surpassing it with a consumption of 9,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots respectively. On the production front, Bosnia's oilseeds output is anticipated to climb to around 12,280 metric tons by 2028, up from roughly 9,920 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 3.3%. Since 1997, Bosnian oilseed production has seen a year-on-year increase of 3.8%. In 2023, Bosnia ranked 131st in oilseeds production, with Haiti just ahead at 9,920 metric tons. Meanwhile, Brazil, Malaysia, and the United States held the second, third, and fourth positions in the global production rankings.
