Key Market Indicators
Kuwaiti oilseed consumption is projected to climb to approximately 19,000 metric tons by 2028, up from around 18,000 metric tons in 2023. This represents an average annual growth rate of 1%. Since 2019, demand for oilseeds in Kuwait has increased by 1.2% each year. In 2023, Kuwait ranked 105th globally in oilseed consumption, with Ireland surpassing it at 18,000 metric tons. Leading the global rankings are India, Indonesia, and Brazil, holding the second, third, and fourth positions respectively. On the production side, Kuwaiti oilseed output is expected to reach roughly 24 metric tons by 2028, rising from about 21 metric tons in 2023. This marks an average annual growth rate of 2.4%. Since 1980, the country's oilseed supply has grown by 4.3% annually. In 2023, Kuwait was ranked 178th in oilseed production, with Brunei overtaking it at 21 metric tons. The top producers in the world are Brazil, Malaysia, and the United States, occupying the second, third, and fourth spots respectively.
