Key Market Indicators
Saudi Arabia's oilseeds consumption is projected to reach 79,000 metric tons by 2028, up from 74,000 metric tons in 2023. This represents an annual growth rate of 1.1%. Since 2019, the country's demand for oilseeds has increased by 1.4% each year. In 2023, Saudi Arabia ranked 54th in oilseeds consumption, with Mali surpassing it by consuming 74,000 metric tons. Leading the global ranking are India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Saudi Arabia's oilseeds output is expected to decline to 1,840 metric tons by 2028 from 1,980 metric tons in 2023, marking an annual decrease of 1.1%. Despite this decline, Saudi oilseeds production has seen an annual growth rate of 1.6% since 1966. In 2023, the country was ranked 150th in oilseeds production, with the Marshall Islands ahead at 1,980 metric tons. The top producers globally are Brazil, Malaysia, and the United States, holding the second, third, and fourth spots, respectively.
