In 2023, Indonesia led the global oilseed processing market with the highest share, followed by China, Malaysia, and the United States. Indonesia’s share showed a minor increase, while China experienced a slight decrease. Notably, Thailand, Spain, Canada, Ecuador, Guatemala, Ghana, and Bangladesh saw significant annual growth rates. Conversely, some countries, like Germany, Philippines, and Pakistan, witnessed negative growth. Over the last five years, the compound annual growth rate (CAGR) pointed to a generally positive trend in many emerging economies, indicating a shift toward diversified geographical processing locations.
Future trends to watch in the global oilseeds processing market include:
- Increasing oilseed processing capabilities in emerging markets like India, Nigeria, and Bangladesh.
- Shifting processing power from traditional strongholds to countries with increasing growth rates such as Ecuador, Guatemala, and Iran.
- Potential impacts of technological advancements and sustainability practices on processing efficiency and capacity.
- Geopolitical and economic factors influencing trade patterns and processing distributions globally.
Top countries in Oilseeds Processing Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 23.26 | 2023 | +1.84% | +1.03% | View data |
| 2 | 2 China | 14.75 | 2023 | +1.09% | +0.97% | View data |
| 3 | 3 Malaysia | 11.06 | 2023 | -0.0042% | -0.063% | View data |
| 4 | 4 United States | 7.14 | 2023 | +0.72% | +0.5% | View data |
| 5 | 5 Brazil | 5.96 | 2023 | +1.1% | +0.79% | View data |
| 6 | 6 Argentina | 5.33 | 2023 | +0.53% | +1.27% | View data |
| 7 | 7 India | 3.73 | 2023 | +0.25% | -0.17% | View data |
| 8 | 8 Thailand | 1.98 | 2023 | +2.04% | +1.63% | View data |
| 9 | 9 Russia | 1.92 | 2023 | +1.36% | +1.04% | View data |
| 10 | 10 Ukraine | 1.77 | 2023 | +2.01% | +1.1% | View data |
