Oilseed: Production Volumes, by type
Type of oilseedProduction,
in million metric tons
Palm kernel20.71
  • Region: Worldwide
  • Time period: 2023/2024
  • Published: Feb 2024

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

Soybeans dominate the global oilseed market

Soybeans lead in the global oilseed production with an output of 398.21 million metric tons, making up a significant portion of the total production. This figure is substantially higher than the production of the second-leading oilseed, rapeseed, which stands at 87.44 million metric tons. The dominance of soybeans highlights their central role in the agricultural sector and their importance in feeding the global population and livestock, as well as in producing vegetable oil.

Rapeseed and sunflowerseed as key secondary oilseed crops

Rapeseed, with a production of 87.44 million metric tons, and sunflowerseed, at 55.08 million metric tons, serve as the principal secondary oilseed crops globally. These crops collectively account for a significant share of the global oilseed market, emphasizing their importance not only for oil production but also for their uses in various food products and industrial applications.

Peanuts and cottonseed contribute notably to diversity in oilseed production

Peanuts and cottonseed, with productions of 50.46 million metric tons and 41.46 million metric tons respectively, play a crucial role in adding diversity to the global oilseed production. Their substantial outputs underscore the variety in sources for oil and protein, catering to different culinary, nutritional, and industrial needs.

Minor oilseed crops hold specific market niches

Palm kernel and copra, with production levels of 20.71 million metric tons and 6.05 million metric tons respectively, represent the smaller segments of the global oilseed market. Despite their lower production volumes, these oilseeds are vital for specific markets and uses, particularly in the production of specialized oils and fats.

Soybeans' production nearly equals the combined total of all other oilseeds

The production of soybeans at 398.21 million metric tons is almost equal to the combined production of all other oilseeds listed (311.2 million metric tons), underscoring the unparalleled scale of soybean cultivation and its significance in meeting global demands for oilseeds.

The range of oilseed production spans vastly from soybeans to copra

The scale of global oilseed production spans a wide range, from soybeans at the top with 398.21 million metric tons to copra at the bottom with 6.05 million metric tons. This wide range reflects the diverse nature of the oilseed industry, catering to various demands across food, feed, and industrial sectors.

Frequently Asked Questions

Which oilseed leads in global production?

Soybeans lead in global oilseed production with an output of 398.21 million metric tons.

What are the principal secondary oilseed crops globally?

Rapeseed and sunflowerseed are the principal secondary oilseed crops globally with productions of 87.44 million metric tons and 55.08 million metric tons respectively.

Terms and Definitions

Global oilseed production refers to the worldwide cultivation and harvest of seeds from which oil is extracted, including crops such as soybeans, sunflowers, rapeseed (canola), peanuts, sesame, and more. These seeds are pivotal to the production of vegetable oils and protein meals.

Soybeans are a type of legume native to East Asia and widely grown for their edible bean which has multiple uses. Soybeans are also an oilseed, meaning oil can be extracted from them for various uses, including cooking and manufacturing.

A sunflower refers to a type of plant known for its large flowering head. The seeds produced by sunflowers can be used to extract sunflower oil, which is a popular vegetable oil used for cooking.

Rapeseed, also known as canola, is a bright-yellow flowering plant in the family Brassicaceae. The seeds of this plant are used to produce rapeseed oil, which is used in cooking and is also one of the most common oils in biodiesel production.

Peanuts are a type of legume, grown in the soil of warm climates for their seeds. Despite their name, peanuts are not nuts but are more closely related to peas and lentils. Peanut oil is extracted from peanuts and used in cooking.

Sesame is a flowering plant in the genus Sesamum, also known as benne. The seeds of this plant are used to produce sesame oil, which is used as a cooking oil and ingredient in many cuisines.

Vegetable oils are oils extracted from seeds or other parts of fruits. They are used for various cooking and food preparation purposes, in biodiesel production, for the manufacture of soaps, detergents, and cosmetics, and more.
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