In 2023, China dominated the global oilseeds import market with a significant volume of 106.81 million metric tons, reflecting a moderate growth trend. Other notable importers included Germany, Netherlands, and Japan, each showing varying degrees of growth, with Germany at 10.87 million metric tons and a steady increase, while Netherlands sustained at a rate of 7.1 million metric tons. Meanwhile, the United States experienced a significant decline in oilseeds imports, down by 8.97% year-on-year, amid broader trade fluctuations.
Key trends over the last few years show Asia, particularly China and Japan, as a driving force behind global oilseed imports due to increasing demand in food and industry sectors. Emerging markets like Vietnam saw a slight reduction, while traditional European markets such as France and Italy remained stable with modest increases.
Looking ahead, growth in oilseed imports is anticipated to continue, driven by the rising global population and increasing demand for oilseed-based products. Key trends to watch include the impacts of geopolitical tensions on trade dynamics, technological advancements in agriculture affecting supply, and shifting consumer preferences toward plant-based diets influencing demand patterns.
Top countries in Oilseeds Import Volume by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 106,810 | 2023 | +1.32% | +1.76% | View data |
2 | 2 Germany | 10,870 | 2023 | +0.89% | +0.66% | View data |
3 | 3 Argentina | 7,390 | 2023 | +6.56% | +2.75% | View data |
4 | 4 Mexico | 7,390 | 2023 | +1.4% | +0.85% | View data |
5 | 5 Netherlands | 7,100 | 2023 | +1.17% | +0.92% | View data |
6 | 6 Japan | 6,120 | 2023 | +0.39% | +0.48% | View data |
7 | 7 Spain | 4,110 | 2023 | -0.29% | -0.28% | View data |
8 | 8 Belgium | 4,070 | 2023 | +0.35% | -0.32% | View data |
9 | 9 Egypt | 3,970 | 2023 | +3.44% | +0.92% | View data |
10 | 10 Thailand | 3,560 | 2023 | +2.09% | +2.87% | View data |