Key Market Indicators
**Malaysian Oilseed Consumption Poised for Growth** KUALA LUMPUR — Malaysia's oilseed consumption is expected to reach approximately 300,000 metric tons by 2028, up from around 275,000 metric tons in 2023. This marks an average annual growth rate of 1.4%. Since 2019, the demand for oilseeds in Malaysia has been increasing at an annual rate of 2.1%. In 2023, Malaysia ranked 29th globally in oilseed consumption, with Zambia slightly ahead at 275,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. **Steady Rise in Oilseed Production** Malaysia's oilseed production is projected to reach nearly 24.5 million metric tons by 2028, growing from approximately 23 million metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1%. Since 1966, the country's oilseed supply has shown a consistent annual growth of 1.3%. In the global production rankings for 2023, Malaysia secured the third position, with Brazil slightly ahead at around 23 million metric tons. Brazil, Malaysia, and the United States held the second, third, and fourth spots in the rankings, respectively. These statistics underscore Malaysia's significant role in the global oilseed market, both in terms of consumption and production.
