Key Market Indicators
Oilseeds consumption in Laos is set to reach 50,000 metric tons by 2026, up 0.8% annually from 47,000 metric tons in 2021. Since 2017, demand has risen by 0.7% each year. In 2021, Laos ranked 70th globally, behind Austria's 47,000 metric tons. India, Indonesia and Brazil were the top three countries. Oilseeds production in Laos is projected to reach 28,360 metric tons by 2026, up 1.2% on average each year from 26,450 metric tons in 2021. Since 1966, supply has decreased by 2.7% annually. In 2021, Laos ranked 112th, behind Taiwan's 26,450 metric tons. Brazil, the United States and Malaysia were the top three countries.