Key Market Indicators
Serbian oilseeds consumption is projected to reach 21,000 metric tons by 2028, up from 20,000 metric tons in 2023, marking a steady annual growth rate of 1%. Since 2019, the country's demand for oilseeds has consistently increased by 1% each year. In 2023, Serbia ranked 101st globally in oilseeds consumption, with Yemen surpassing it at 20,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots, respectively. On the production front, Serbia's oilseeds output is expected to climb to 601,000 metric tons by 2028, up from 520,000 metric tons in 2023. This represents an average annual growth rate of 2.3%. Since 2011, Serbian oilseeds supply has seen a year-on-year increase of 2%. In 2023, Serbia ranked 41st in global oilseeds production, with Senegal surpassing it at 520,000 metric tons. The top producers in this category were Brazil, Malaysia, and the United States, holding the second, third, and fourth positions, respectively.
