1887

OECD-FAO Agricultural Outlook 2018-2027

image of OECD-FAO Agricultural Outlook 2018-2027

The fourteenth joint edition of the OECD-FAO Agricultural Outlook provides market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.

World agricultural markets have changed markedly since the food price spikes of 2007-8, as production has grown strongly while demand growth has started to weaken. In the coming decade, real agricultural prices are expected to remain low as a result of reduced growth in global food and feed demand. Net exports will tend to increase from land abundant countries and regions, notably in the Americas. Countries with limited natural resources, slow production expansion and high population growth will see rising net imports. Increasing import dependence is projected in particular for the Middle East and North Africa, where a scarcity of arable land and water constrains agricultural production.

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From Chapter: Statistical Annex
.

OECD-FAO Agricultural Outlook 2018-2027 - © OECD 2018

‌A.8World biofuel projections
A.8World biofuel projections
  Calendar year
‌‌
‌‌
Average
2015-17est
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
‌2027‌
ETHANOL
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
118.8
 
122.4
 
123.5
 
125.2
 
125.7
 
126.5
 
127.2
 
128.1
 
128.9
 
129.8
 
130.5
 
Consumption
mln L
119.0
 
123.3
 
124.1
 
125.6
 
126.2
 
127.0
 
127.8
 
128.6
 
129.4
 
130.3
 
131.1
 
Exports
mln L
9.0
 
9.2
 
9.3
 
9.4
 
9.4
 
9.4
 
9.5
 
9.6
 
9.5
 
9.5
 
9.4
 
Price 1
USD/hl
44.5
 
45.8
 
46.7
 
47.5
 
48.4
 
49.7
 
50.6
 
51.3
 
51.5
 
51.9
 
52.4
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
70.3
 
72.1
 
71.9
 
72.6
 
72.1
 
71.9
 
71.7
 
71.5
 
71.4
 
71.4
 
71.3
 
Consumption
mln L
69.4
 
72.2
 
71.8
 
72.2
 
72.0
 
71.9
 
71.8
 
71.7
 
71.6
 
71.5
 
71.3
 
Net trade
mln L
0.7
 
0.4
 
0.4
 
0.4
 
0.3
 
0.1
 
0.0
 
-0.1
 
0.0
 
0.0
 
0.1
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
48.5
 
50.3
 
51.6
 
52.6
 
53.6
 
54.5
 
55.6
 
56.6
 
57.5
 
58.4
 
59.2
 
Consumption
mln L
49.6
 
51.1
 
52.3
 
53.4
 
54.2
 
55.1
 
56.0
 
56.9
 
57.8
 
58.8
 
59.8
 
Net trade
mln L
-1.1
 
-0.7
 
-0.6
 
-0.6
 
-0.6
 
-0.4
 
-0.3
 
-0.2
 
-0.2
 
-0.3
 
-0.4
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
69.4
 
71.2
 
71.0
 
71.7
 
71.2
 
71.1
 
70.8
 
70.6
 
70.6
 
70.5
 
70.4
 
Consumption
mln L
69.4
 
72.2
 
71.9
 
72.3
 
72.1
 
72.0
 
71.9
 
71.8
 
71.7
 
71.6
 
71.4
 
Net trade
mln L
-0.2
 
-0.5
 
-0.6
 
-0.6
 
-0.6
 
-0.8
 
-0.9
 
-1.0
 
-1.0
 
-0.9
 
-0.8
 
BIODIESEL
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
34.2
 
37.4
 
38.0
 
39.0
 
38.8
 
38.5
 
38.6
 
38.7
 
38.9
 
39.0
 
39.3
 
Consumption
mln L
35.0
 
37.4
 
38.1
 
38.9
 
38.7
 
38.6
 
38.7
 
38.8
 
38.9
 
39.1
 
39.4
 
Exports
mln L
3.6
 
4.1
 
3.9
 
3.4
 
3.3
 
3.3
 
3.2
 
3.2
 
3.2
 
3.1
 
3.1
 
Price 3
USD/hl
85.1
 
91.5
 
91.8
 
91.9
 
91.9
 
91.7
 
91.9
 
91.9
 
92.8
 
92.3
 
93.4
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
20.9
 
21.8
 
21.9
 
22.0
 
21.8
 
21.3
 
21.1
 
21.0
 
20.8
 
20.7
 
20.6
 
Consumption
mln L
23.7
 
24.6
 
24.4
 
23.9
 
23.6
 
23.2
 
23.0
 
22.8
 
22.6
 
22.5
 
22.4
 
Net trade
mln L
-2.9
 
-2.9
 
-2.5
 
-2.1
 
-2.0
 
-2.0
 
-1.9
 
-1.9
 
-1.9
 
-1.8
 
-1.8
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
13.3
 
15.6
 
16.1
 
17.0
 
17.0
 
17.2
 
17.5
 
17.7
 
18.1
 
18.3
 
18.7
 
Consumption
mln L
11.2
 
12.8
 
13.7
 
15.0
 
15.1
 
15.4
 
15.7
 
16.0
 
16.3
 
16.6
 
17.0
 
Net trade
mln L
2.1
 
2.8
 
2.4
 
2.0
 
1.9
 
1.9
 
1.8
 
1.8
 
1.8
 
1.7
 
1.7
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
mln L
21.5
 
22.5
 
22.6
 
22.7
 
22.5
 
22.0
 
21.8
 
21.6
 
21.5
 
21.3
 
21.2
 
Consumption
mln L
24.3
 
25.3
 
25.1
 
24.6
 
24.3
 
23.9
 
23.6
 
23.5
 
23.3
 
23.1
 
23.0
 
Net trade
mln L
-2.8
 
-2.9
 
-2.5
 
-2.1
 
-2.0
 
-1.9
 
-1.9
 
-1.8
 
-1.8
 
-1.8
 
-1.8
 
Note: Average 2015-17est: Data for 2017 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
Wholesale price, United States, Omaha.
2.
Excludes Iceland but includes all EU28 member countries.
3.
Producer price Germany net of biodiesel tariff and energy tax.
Source: OECD/FAO (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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