The demand for rapeseed oil and mustard oil in Spain is projected to increase steadily from 112.0 thousand metric tons in 2024 to 121.0 thousand metric tons in 2028, representing a year-on-year growth rate of approximately 2%. Over the past two years, the demand has shown a stable rise, and the compound annual growth rate (CAGR) for the last five years is approximately 2.0%, underscoring a consistent upward trend.
Future trends to watch for:
- Shifts in consumer dietary preferences towards healthier oils.
- Changes in agricultural policies, particularly concerning crop yields and subsidies.
- Impact of global supply chain disruptions on oil imports and prices.