In 2023, China's demand for vegetable oils led globally at 16.57 thousand metric tons. India followed with 11.23, while the United States and Indonesia each contributed over 8 thousand metric tons. Notable growth from 2022 to 2023 included Malaysia (2.13%), Egypt (2.18%), and Kenya (3.71%). Negative trends were observed in Germany (-1.14%) and Venezuela (-4.29%). On average, several countries like Myanmar and Madagascar showed significant gains over five years.
Future trends to watch include the potential for continued demand increases in Asian and African markets, driven by economic growth and population expansion, alongside potential shifts in sustainability practices affecting global vegetable oil production and distribution.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 16.57 | 2023 | 0% | 0% | View data |
| 2 | 2 India | 11.23 | 2023 | +1.1% | +1.19% | View data |
| 3 | 3 United States | 8.28 | 2023 | +0.94% | +0.82% | View data |
| 4 | 4 Indonesia | 8.06 | 2023 | +3.11% | +0.58% | View data |
| 5 | 5 Brazil | 4.55 | 2023 | +0.94% | +0.72% | View data |
| 6 | 6 Malaysia | 4.48 | 2023 | +1.63% | +2.13% | View data |
| 7 | 7 Spain | 2.2 | 2023 | +1.82% | +1.96% | View data |
| 8 | 8 Russia | 2.1 | 2023 | +0.82% | +0.65% | View data |
| 9 | 9 Germany | 2.07 | 2023 | -1.37% | -1.14% | View data |
| 10 | 10 Pakistan | 1.97 | 2023 | +1.19% | +0.94% | View data |
