The maize oil market in the Netherlands displayed steady levels from 2014 to 2017 at 3.0 thousand metric tons, followed by a substantial increase in 2018 reaching 24.0 thousand metric tons. The market volume slightly fluctuated between 2019 and 2023 with a value of 25.0 thousand metric tons in 2023. Year-on-year variations indicate a dramatic spike of 700% in 2018, followed by a significant drop in 2019. The period from 2020 to 2023 shows positive yet moderate growth rates, with a notable 4.17% increase in 2023. The CAGR from 2019 to 2023 was 0.82%, signaling moderate growth.
For future trends, the forecast predicts a continuous growth in the maize oil market, reaching 32.0 thousand metric tons by 2028. The expected CAGR of 4.24% from 2024 to 2028 indicates an optimistic outlook driven by factors such as increasing demand for healthier cooking oils and rising consumer awareness about health benefits. Future trends to watch for include potential shifts in dietary preferences, regulatory changes, and technological advancements in oil extraction and processing.
