Key Market Indicators
Burmese oilseeds consumption is projected to decline slightly, reaching approximately 839,000 metric tons by 2028, down from around 842,000 metric tons in 2023. This represents an average annual decrease of 0.1%. Since 2019, the demand for oilseeds in Myanmar has been on a downward trend, decreasing by an average of 0.4% per year. In 2023, Myanmar ranked 11th globally in oilseed consumption, with Egypt surpassing it at 842,000 metric tons. The leading consumers in this category were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Myanmar's oilseeds output is expected to rise modestly to about 1,067,000 metric tons by 2028, up from approximately 1,053,000 metric tons in 2023. This indicates an average annual growth rate of 0.2%. Since 1966, the country's oilseed supply has seen a consistent increase, averaging 0.7% growth annually. In 2023, Myanmar ranked 23rd in global oilseed production, with Bulgaria surpassing it at 1,053,000 metric tons. The top producers in this category were Brazil, Malaysia, and the United States, taking the second, third, and fourth spots, respectively.
