Key Market Indicators
Albania's oilseeds consumption is projected to climb to approximately 44,000 metric tons by 2028, up from around 39,000 metric tons in 2023. This reflects an average annual growth rate of nearly 2%. Since 2019, the country's demand for oilseeds has risen by about 1% each year. In 2023, Albania ranked 81st globally in oilseeds consumption, with the Central African Republic slightly ahead, also consuming 39,000 metric tons. Leading the global rankings are India, Indonesia, and Brazil, holding the second, third, and fourth positions respectively. In terms of production, Albania is expected to produce around 27,500 metric tons of oilseeds by 2028, up from approximately 25,400 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.3%. However, since 1966, the country's oilseeds supply has seen a slight annual decline of 0.8%. In 2023, Albania was ranked 111th in oilseeds production, with Taiwan surpassing it at the same production level of 25,400 metric tons. Brazil, Malaysia, and the United States were the top producers, ranking second, third, and fourth respectively.
