Global Oilseeds Trends in 2024
Oilseeds is part of Agricultural Products and includes a number of sub-sectors such as Olive, Coconut, Soybean, Peanut and Rapeseed. You may also be interested in Sugar, Sugar Beet and Sugarcane.
Global oilseeds consumption is projected to reach approximately 57.6 million metric tons by 2028, up from around 56.9 million metric tons in 2023. This marks an average annual growth of 0.2%. Since 2019, global demand has consistently grown by 0.2% each year. In 2023, China led the world in oilseeds consumption, with an estimated intake of 15.4 million metric tons. Following China were India, Indonesia, and Brazil, occupying the second, third, and fourth spots, respectively. Notably, Pakistan's consumption surged by 5.5% year on year, while Mozambique experienced a significant decline of 27.1% annually since 2019. On the production side, global oilseeds output is expected to reach around 293.4 million metric tons by 2028, a rise from approximately 265.3 million metric tons in 2023. This represents an average annual growth rate of 1.6%. Historical data reveals that global supply has increased by 1.9% per year since 1966. In 2023, Indonesia topped the rankings for global oilseeds production, with an output of about 64.5 million metric tons. Brazil, Malaysia, and the United States followed, securing the second, third, and fourth positions, respectively. Uruguay saw a remarkable year-on-year increase of 15.7%, whereas Fiji's production plummeted by 54.1% annually since 1966.
Top 10 countries
In 2024 major markets in the Oilseeds Industry were:
World Oilseeds Market Data and Forecasts
How much the Oilseeds industry is expected to grow to 2028?
World Oilseeds Top Rankings
Global Oilseeds Statistics
- Peanut Import 221 countries (Asia, Europe, Africa...)
- Peanut Export 233 countries (Asia, Europe, Africa...)
- Coconut Import 216 countries (Asia, Southeast Asia, Africa...)
- Coconut Export 226 countries (Asia, Southeast Asia, Europe...)
- Olive Import 212 countries (Europe, Asia, Southern Europe...)
- Olive Export 226 countries (Europe, Southern Europe, Asia...)
- Sunflower Import 209 countries (Europe, Asia, Eastern Europe...)
- Sunflower Export 199 countries (Europe, Eastern Europe, Asia...)
- Sesame Import 208 countries (Asia, Africa, Sub-Saharan Africa...)
- Soybean Import 211 countries (Asia, Europe, Latin America...)