Key Market Indicators
Nepal's oilseeds consumption is projected to decline to 9,000 metric tons by 2028, down from 12,000 metric tons in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 3.9%. Nepal's demand for oilseeds has been consistently dropping, with a 1.6% annual decrease recorded since 2019. In 2023, Nepal ranked 117th in global oilseeds consumption, with Macedonia surpassing it at 12,000 metric tons. The top three countries in this ranking were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Nepal's oilseeds output is expected to decrease slightly to 98,200 metric tons by 2028 from 101,100 metric tons in 2023, marking an annual average rate decline of 0.5%. Despite this recent downturn, Nepalese oilseeds production has seen a 2.2% annual increase since 1966. In 2023, Nepal was the 81st largest producer of oilseeds, with Austria just ahead at 101,100 metric tons. Brazil, Malaysia, and the United States were the second, third, and fourth largest producers globally.
