Key Market Indicators
New Caledonia's oilseeds consumption is projected to remain steady at approximately 6,000 metric tons by 2028, the same level as recorded in 2023. This reflects a consistent compound annual growth rate (CAGR) of zero percent. Since 2019, the demand for oilseeds in New Caledonia has shown no significant fluctuations. In global rankings for 2023, New Caledonia stood at number 129 in oilseeds consumption. Botswana surpassed New Caledonia with an equal consumption of 6,000 metric tons. The top consumers in the ranking were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. Meanwhile, New Caledonia's oilseeds production is expected to decline slightly, reaching around 1,870 metric tons by 2028, down from 1,930 metric tons in 2023. This represents an average annual decrease of 0.5 percent. Historically, since 1966, New Caledonia's oilseeds supply has been on a gradual decline at a similar rate. In the 2023 production rankings, New Caledonia was positioned at number 151, with Saudi Arabia just ahead at 1,930 metric tons. Leading the global production were Brazil, Malaysia, and the United States, which secured the second, third, and fourth spots respectively.
