In 2023, China led global vegetable oil non-food uses with 23.06 million metric tons, followed by India and Indonesia. The United States and Brazil trailed at 6.68 and 4.85 million metric tons, respectively. The largest year-on-year growth was seen in Hungary, up 8.7%. Egypt, Finland, and Bosnia and Herzegovina also experienced notable increases. Conversely, Venezuela and Uzbekistan declined significantly. The Compound Annual Growth Rate (CAGR) analysis over the past five years highlights consistent expansions in most Asian markets and some small European nations.
Future trends to watch include:
- The potential impact of sustainability initiatives pushing for alternative, eco-friendly materials.
- Growth in biofuels and bioplastics sectors could drive increased vegetable oil consumption in industrial applications.
- Investment patterns in technology and infrastructure by leading countries like China and India might reshape global usage dynamics.
- Varying regulatory landscapes and trade agreements could influence production and distribution.
Top countries in Vegetable Oils Non-food Uses by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23,060 | 2023 | +0.34% | +0.2% | View data |
| 2 | 2 India | 9,230 | 2023 | +0.84% | +1.19% | View data |
| 3 | 3 Indonesia | 8,830 | 2023 | +3.37% | +0.48% | View data |
| 4 | 4 United States | 6,680 | 2023 | +1.8% | +1.82% | View data |
| 5 | 5 Brazil | 4,850 | 2023 | +1.27% | +0.98% | View data |
| 6 | 6 Malaysia | 4,290 | 2023 | +2.8% | +2.2% | View data |
| 7 | 7 Spain | 3,050 | 2023 | +2.32% | +2.49% | View data |
| 8 | 8 Netherlands | 2,980 | 2023 | +1.95% | +0.74% | View data |
| 9 | 9 Argentina | 2,730 | 2023 | +0.18% | +1.03% | View data |
| 10 | 10 Thailand | 2,280 | 2023 | +2.06% | +1.91% | View data |
