Sweden's vegetable oil export volume has shown a general increase from 2014 to 2023, with some fluctuations. The export volume was 162.0 thousand metric tons in 2014, decreasing to 153.0 thousand metric tons in 2015, and then increasing to 172.0 thousand metric tons by 2023. This represents a CAGR of 0.47% from 2019 to 2023. Year-on-year variations highlight an overall steady trend, with minor declines and rebounds.
The period from 2024 to 2028 shows forecasted growth, albeit at a slower pace compared to previous years, with an expected CAGR of 0.23% over the next five years. The export volume is expected to rise to 175.0 thousand metric tons by 2028.
Future trends to watch for:
- Global demand for sustainable and healthier food options could impact vegetable oil exports.
- Technological advancements and governmental policies may influence production efficiency and trade dynamics.
- Economic shifts or trade agreements within the European Union may affect export volumes and market conditions.