Key Market Indicators
Lebanese oilseeds consumption is projected to decline by 1% annually, decreasing from 44,000 metric tons in 2023 to approximately 41,000 metric tons by 2028. This trend has been consistent since 2019, with demand falling at an average rate of 1.3% per year. In 2023, Lebanon ranked 74th globally in oilseeds consumption, with Bulgaria surpassing it at 44,000 metric tons. The top three countries in this category were India, Indonesia, and Brazil. On the production front, Lebanon's oilseeds output is expected to grow modestly. By 2028, production is forecasted to reach nearly 36,000 metric tons, up from about 34,000 metric tons in 2023, marking an average annual growth rate of 0.8%. Since 1966, Lebanese oilseeds supply has seen a minimal year-on-year increase of 0.1%. In the global ranking for 2023, Lebanon was positioned 106th, with Switzerland taking over at 34,000 metric tons. The leading producers were Brazil, Malaysia, and the United States.
