Forecast: Sold Production of Sunflower-Seed Oil in Belgium

The sold production of sunflower-seed oil in Belgium has shown considerable fluctuations over the past decade. Key data points indicate actual volumes of 161.98 Million Kilograms in 2023. The historical trend demonstrates an initial rise until 2018, a notable decline in 2019 and 2020, followed by a recovery phase. Specifically, there was an 18.44% increase in 2021 and a 7.37% rise in 2022, although the overall Compound Annual Growth Rate (CAGR) from 2020 onwards reflects a negative trend of around -2.9%. From 2024 onwards, forecasts predict a gradual decrease, with a projected 5-year CAGR of -1.26%, reflecting a 6.15% decline by 2028.

Future trends to watch for include:

  • Market volatility and potential recovery post-2028.
  • Impacts of agricultural policies and global market conditions on production volumes.
  • Technological advancements in agriculture and oil extraction processes.
  • Shifts in demand due to dietary trends and alternative oils.

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