Key Market Indicators
Pakistani oilseed consumption is projected to reach approximately 960,000 metric tons by 2028, up from around 760,000 metric tons in 2023. This represents an average annual growth rate of 3.7%. Notably, since 2019, the country's demand has surged by 5.5% each year. In 2023, Pakistan ranked 14th in global oilseed consumption, with Tanzania surpassing it with the same consumption figure of 760,000 metric tons. India, Indonesia, and Brazil held the second, third, and fourth positions, respectively. On the production front, Pakistani oilseed output is expected to decline slightly to about 825,000 metric tons by 2028, down from nearly 851,000 metric tons in 2023. This indicates an average annual decrease of 0.5%. Since 1966, the nation's oilseed production has decreased by 0.4% per year. In 2023, Pakistan ranked 28th in global oilseed production. Guatemala overtook Pakistan, producing around 851,000 metric tons. Brazil, Malaysia, and the United States occupied the second, third, and fourth spots in production rankings, respectively.
