Key Market Indicators
**Slovak Oilseeds Consumption Decline Expected by 2028** Slovak oilseeds consumption is projected to drop to approximately 14,000 metric tons by 2028, down from 15,000 metric tons in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 1.4%. Historical data since 2019 shows a consistent decrease in demand, averaging a 1.3% year-on-year decline. In the global ranking for oilseeds consumption in 2023, Slovakia was positioned at 110th. Morocco surpassed Slovakia with a consumption of 15,000 metric tons. Leading the rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. **Slovak Oilseeds Production on a Modest Rise** On the production front, Slovakia is forecasted to increase its oilseeds output to around 286,000 metric tons by 2028, up from 270,000 metric tons in 2023. This marks an average annual growth rate of 1%. However, since 1998, Slovak oilseeds production has experienced a yearly decrease of 1.4%. As of 2023, Slovakia held the 58th position in global production rankings. Denmark edged out Slovakia with an equivalent production figure of 270,000 metric tons. The top producers in this sector were Brazil, Malaysia, and the United States, ranked second, third, and fourth respectively.
