Key Market Indicators
Iranian oilseeds consumption is projected to reach approximately 143,000 metric tons by 2028, up from around 121,000 metric tons in 2023. This marks an average annual growth rate of 2.6%. Since 2019, demand in Iran has been increasing at an average rate of 3.7% per year. In 2023, Iran ranked 46th globally in oilseeds consumption, with Senegal surpassing it with a consumption of 121,000 metric tons. Leading the global ranking were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. On the production side, Iran's oilseeds output is forecasted to reach about 286,000 metric tons by 2028, up from roughly 263,000 metric tons in 2023. This represents an average yearly growth rate of 1.4%. Since 1966, the supply of oilseeds in Iran has grown at an annual rate of 0.6%. In 2023, Iran was ranked 60th in oilseeds production. Bangladesh overtook Iran with a production matching Iran's 263,000 metric tons. The top producers were Brazil, Malaysia, and the United States, ranking second, third, and fourth respectively.
