Key Market Indicators
**Czech Oilseeds Consumption to Decline by 2028** The Czech Republic's consumption of oilseeds is projected to drop to 22,000 metric tons by 2028, down from 23,000 metric tons in 2023. This represents an average annual decrease of 0.9%. The trend of declining demand has been consistent since 2019, with a yearly reduction of 0.9%. In 2023, the Czech Republic ranked 97th globally in oilseeds consumption, having been surpassed by Sao Tome and Principe, which consumed 23,000 metric tons. Leading the global consumption rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots respectively. **Czech Oilseeds Production to See Modest Growth** Contrasting the decline in consumption, Czech oilseeds production is expected to see a slight increase. By 2028, production is forecasted to reach approximately 511,000 metric tons, up from 502,000 metric tons in 2023. This marks an average annual growth rate of 0.3%. Since 1998, however, Czech oilseeds supply has experienced a yearly decline of 2.5%. In 2023, the country ranked 42nd in global production, with Serbia narrowly ahead, also producing around 502,000 metric tons. The top producers in the world included Brazil, Malaysia, and the United States, ranking second, third, and fourth respectively.
