In 2023, Pakistan led global vegetable oil imports at 3.86 million metric tons, followed by Nigeria and Vietnam at 1.75 and 1.31 million metric tons, respectively. Other notable importers include Mexico and Saudi Arabia. Over the last two years, Nigeria and Saudi Arabia displayed significant growth in import volumes, whereas Ukraine and Paraguay reported declines. The 5-year CAGR highlights Pakistan and Nigeria as standout grower countries, while Ukraine and Paraguay appear to be reducing imports.
Future trends to monitor in global vegetable oil imports include increased demand in Asia, particularly from Pakistan and Vietnam, as economic growth fuels consumption needs. Additionally, there may be fluctuations in import volumes due to geopolitical tensions and agricultural output variations, influencing self-sufficiency measures and trade balances.
Top countries in Vegetable Oils Imports by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Pakistan | 3,860 | 2030 | +2% | +2.11% | View data |
| 2 | 2 Nigeria | 1,750 | 2030 | +3.08% | +3.34% | View data |
| 3 | 3 Vietnam | 1,310 | 2030 | +1.18% | +1.33% | View data |
| 4 | 4 Mexico | 1,140 | 2030 | +0.59% | +0.58% | View data |
| 5 | 5 Saudi Arabia | 975.6 | 2030 | +1.87% | +2% | View data |
| 6 | 6 South Africa | 958.09 | 2030 | +1.46% | +1.6% | View data |
| 7 | 7 Peru | 712.97 | 2030 | +1.26% | +1.35% | View data |
| 8 | 8 Colombia | 664.66 | 2030 | +0.6% | +0.71% | View data |
| 9 | 9 Chile | 516.89 | 2030 | +0.71% | +0.75% | View data |
| 10 | 10 Brazil | 471.83 | 2030 | +0.76% | +0.73% | View data |
