Key Market Indicators
Lao Oilseeds Consumption is projected to reach 51,000 metric tons by 2028, increasing from 48,000 metric tons in 2023. This represents an average annual growth rate of 0.8%. Notably, since 2019, the demand for oilseeds in Laos has been growing at an annual rate of 0.9%. In 2023, Laos ranked 70th globally in oilseeds consumption, with Togo surpassing it at 48,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth positions, respectively. On the production front, Lao Oilseeds Production is forecasted to reach 29,200 metric tons by 2028, up from 27,200 metric tons in 2023. This marks a compound annual growth rate (CAGR) of 1.1%. Since 1966, the production in Laos has seen an annual growth of 2.7%. In 2023, Laos was ranked 109th in oilseeds production, with Israel slightly ahead, also at 27,200 metric tons. The top spots in production were held by Brazil, Malaysia, and the United States, ranking second, third, and fourth, respectively.
