Key Market Indicators
Filipina oilseeds consumption is projected to rise to approximately 680,000 metric tons by 2028, up from an estimated 645,000 metric tons in 2023. This marks an average annual growth rate of 0.8%. Since 2019, the demand for oilseeds in the Philippines has seen a steady increase, averaging a 0.9% growth per year. In 2023, the country ranked 15th in global oilseed consumption, with Pakistan slightly ahead at the same 645,000 metric tons. India, Indonesia, and Brazil hold the top three positions in this ranking, respectively.
