Key Market Indicators
Germany's edible oils production is projected to decline to approximately 3.9 million metric tons by 2028, down from around 4 million metric tons in 2023. This marks an average annual decrease of 0.7%. The trend of decreasing supply has been evident since 2019, with a year-on-year fall of 0.5%. In 2023, Germany ranked 11th globally in edible oils production. Canada has surpassed Germany, matching its 2023 production of roughly 4 million metric tons. Leading the global rankings, China, Malaysia, and the United States hold the second, third, and fourth positions, respectively.