China remains the dominant player in the global oilseeds import market, representing 49.85% of the total volume in 2024. This is a significant increase of 1.76% year-on-year from 2023. Germany, Argentina, and Mexico also show positive growth, each contributing over 3% of the market. However, some countries like the United States have seen a sharp decline of 8.97% in their import volume. Significant positive changes include Serbia with an 8.91% increase and Myanmar with 8.45% growth from 2023. In contrast, Morocco and South Africa saw major declines of -10.87% and -17.43%, respectively.
Future trends to watch in the Global Oilseeds Import market include the rapid growth in emerging markets such as Thailand and Pakistan, each with increases around 2.87%. Additionally, the market sees continued expansion in less traditional markets like Uzbekistan and Denmark, showing growth rates above 2.5%. Conversely, the drop in the United States and volatile trends in African nations such as Nigeria and Kenya necessitate closer monitoring.
Top countries in Oilseeds Import Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 49.85 | 2023 | +1.32% | +1.76% | View data |
| 2 | 2 Germany | 5.08 | 2023 | +0.89% | +0.66% | View data |
| 3 | 3 Argentina | 3.45 | 2023 | +6.56% | +2.75% | View data |
| 4 | 4 Mexico | 3.45 | 2023 | +1.4% | +0.85% | View data |
| 5 | 5 Netherlands | 3.32 | 2023 | +1.17% | +0.92% | View data |
| 6 | 6 Japan | 2.86 | 2023 | +0.39% | +0.48% | View data |
| 7 | 7 Spain | 1.92 | 2023 | -0.29% | -0.28% | View data |
| 8 | 8 Belgium | 1.9 | 2023 | +0.35% | -0.32% | View data |
| 9 | 9 Egypt | 1.85 | 2023 | +3.44% | +0.92% | View data |
| 10 | 10 Thailand | 1.66 | 2023 | +2.09% | +2.87% | View data |
