In 2023, China, Brazil, and the United States dominated global primary oilseeds gross production, collectively accounting for over 33% of the market share. China's oilseeds production grew by 1.52%, while Brazil saw a robust increase of 2.66%. Conversely, the United States experienced a decline of 1.11%. Argentina and Russia exhibited the highest growth among major producers, with increases of 6.46% and 5.85% respectively. Notably, Spain and Germany faced significant declines of 5.89% and 7.39%, highlighting regional volatility. Ukraine and Indonesia also displayed strong growth, confirming their increasing prominence in the market.
Future trends to watch for include continued growth in Argentina and several African countries like Burkina Faso and Nigeria. Emerging markets in Eastern Europe, particularly Ukraine and Lithuania, are likely to boost their shares. Additionally, environmental policies and technological improvements may further influence production patterns, potentially benefitting nations investing in sustainable practices. This global shift could reshape the oilseeds landscape in the coming years.
Top countries in Primary Oilseeds Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 11.61 | 2023 | +0.96% | +1.52% | View data |
| 2 | 2 Brazil | 11.04 | 2023 | +2.93% | +2.66% | View data |
| 3 | 3 United States | 10.75 | 2023 | +0.92% | -1.11% | View data |
| 4 | 4 India | 7.63 | 2023 | +1.02% | +0.76% | View data |
| 5 | 5 Indonesia | 7.13 | 2023 | +2.92% | +2.9% | View data |
| 6 | 6 Argentina | 5.49 | 2023 | +1.31% | +6.46% | View data |
| 7 | 7 Ukraine | 4.89 | 2023 | +3.53% | +4.16% | View data |
| 8 | 8 Canada | 4.81 | 2023 | +1.92% | +0.57% | View data |
| 9 | 9 Russia | 4.81 | 2023 | +3.85% | +5.85% | View data |
| 10 | 10 Malaysia | 2.49 | 2023 | +1.26% | +1.29% | View data |
