Key Market Indicators
Iraqi Oilseeds Consumption is projected to rise to approximately 116,000 metric tons by 2028, up from 99,000 metric tons in 2023. This represents an annual growth rate of 2.4%. Since 2019, Iraqi demand for oilseeds has increased by 3.3% annually. As of 2023, Iraq is ranked 50th globally in oilseeds consumption, with Malawi surpassing it at 99,000 metric tons. The top three countries in this ranking are India, Indonesia, and Brazil. In contrast, Iraqi oilseeds production is expected to decline significantly. By 2028, production is forecasted to drop to around 2,100 metric tons from 5,700 metric tons in 2023, representing an annual decrease of 15.8%. Despite this decline, Iraqi oilseeds supply has grown by 2.4% annually since 1966. In 2023, Iraq was ranked 139th in oilseeds production, with Slovenia surpassing it at 5,700 metric tons. The leading producers in this category are Brazil, Malaysia, and the United States.
