Indonesia leads global vegetable oil production with 54.3 million metric tons, followed by China with 26.32 million. In recent years, countries like Indonesia, China, and India have shown consistent growth, while nations in Europe experienced mixed trends, with Germany and France facing slight declines. North and South American countries such as the U.S. and Brazil continue to be substantial contributors, with notable growth in Argentina.
Year-on-year variations indicate vigorous growth in Guatemala, Iran, Bosnia and Herzegovina, Hungary, Ghana, and Bangladesh, showing strong regional advancements. Contrastingly, Pakistan, South Africa, and several European nations like Belarus and Finland witnessed decreases, highlighting regional economic and environmental challenges.
Looking ahead, the global vegetable oil market is set to see continuous expansion, driven by advanced agricultural practices, growing demand in emerging markets, and increased emphasis on sustainable and bio-based products. Monitoring innovations in crop breeding, geopolitical stability, and climate change will be essential for predicting future trends in production.
Top countries in Vegetable Oils Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 54,300 | 2023 | +1.99% | +1.03% | View data |
| 2 | 2 China | 26,320 | 2023 | +0.67% | +0.54% | View data |
| 3 | 3 Malaysia | 23,740 | 2023 | 0% | +0.042% | View data |
| 4 | 4 United States | 15,150 | 2023 | +0.87% | +0.72% | View data |
| 5 | 5 Brazil | 11,200 | 2023 | +1.09% | +0.8% | View data |
| 6 | 6 Argentina | 9,590 | 2023 | +0.53% | +1.16% | View data |
| 7 | 7 India | 9,040 | 2023 | +0.5% | +0.12% | View data |
| 8 | 8 Ukraine | 7,160 | 2023 | +2.01% | +1.02% | View data |
| 9 | 9 Russia | 6,770 | 2023 | +1.17% | +0.93% | View data |
| 10 | 10 Canada | 5,570 | 2023 | +1.59% | +1.54% | View data |
