Key Market Indicators
Consumption of oilseeds in Iraq is forecast to reach almost 108 thousand metric tons by 2026, up from 92 thousand in 2021. This is an average annual growth rate of 2.7%. Since 2017, demand in Iraq has grown by 3.1% each year. In 2021, the country ranked 50th in the world in terms of consumption, while Malawi overtook it with 92 thousand metric tons. India, Indonesia and Brazil respectively came in at numbers 2, 3 and 4. Iraqi oilseed production is expected to reach 3,600 metric tons by 2026, down from 7,090 in 2021. This is a decrease of 11.2% year on year on average. Since 1966, Iraqi production has declined by 3.4% annually. The country was 137th in 2021, with Eritrea coming in ahead at 7,090 metric tons. Brazil, the United States and Malaysia were respectively numbers 2, 3 and 4.