The soybean oil distribution in the US is forecasted to grow from 13.24 million metric tons in 2024 to 13.64 million metric tons by 2028. Based on available data, the distribution in 2023 stood at 13.14 million metric tons. An analysis of year-on-year variation shows a steady growth rate of approximately 0.75%, with the Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 averaging around 0.75% per year.
Future trends to watch for include potential impacts from agricultural productivity improvements, regulatory changes, and fluctuations in demand for biofuels. Additionally, shifts in global trade policies and climate conditions could significantly influence soybean oil distribution and supply chains in the coming years.
