Key Market Indicators
Romanian oilseeds consumption is projected to reach 43,000 metric tons by 2028, up from 42,000 metric tons in 2023, marking an average annual growth of 0.5%. Since 2019, the country's demand has consistently expanded at the same rate. In 2023, Romania ranked 77th globally in oilseeds consumption, with Jamaica surpassing it at 42,000 metric tons. India, Indonesia, and Brazil held the second, third, and fourth spots, respectively. On the production front, Romania's oilseeds output is expected to climb to approximately 2.58 million metric tons by 2028, rising from 2.22 million metric tons in 2023. This growth translates to a compound annual growth rate (CAGR) of 2.4%. Romanian oilseeds supply has been on an upward trajectory, increasing by an average of 2.5% per year since 1966. In 2023, Romania ranked 13th in oilseeds production, with Thailand slightly ahead at 2.22 million metric tons. Brazil, Malaysia, and the United States secured the second, third, and fourth positions in the global ranking, respectively.
