Key Market Indicators
Ukrainian oilseeds consumption is projected to reach approximately 52,000 metric tons by 2028, a modest increase from 51,000 metric tons in 2023. This marks an average annual growth rate of 0.4%. However, since 2019, the demand for oilseeds in Ukraine has seen a slight decline, averaging a 0.8% decrease per year. In the global ranking for 2023, Ukraine stood at 65th place, with Argentina surpassing it with 51,000 metric tons. The top spots were held by India, Indonesia, and Brazil, respectively. In contrast, Ukrainian oilseeds production is expected to see more robust growth. By 2028, production is forecasted to reach around 11.06 million metric tons, up from approximately 9.39 million metric tons in 2023. This represents an average annual growth rate of 2.6%. Since 1997, Ukraine's oilseeds supply has grown at an average rate of 4.1% per year. In 2023, the country ranked 9th in global production, with Canada just ahead at 9.39 million metric tons. Brazil, Malaysia, and the United States occupied the second, third, and fourth positions, respectively.
