The import of refined rape, colza, or mustard oil to Germany is forecasted to increase steadily from 2024 to 2028. In 2023, the volume of imports stood at approximately 117 million kilograms. From 2024 to 2028, we observe yearly increments resulting in a prediction of 136.77 million kilograms by 2028. The year-on-year growth exhibits a consistent positive trend, indicative of a healthy demand within the German market. The Compound Annual Growth Rate (CAGR) of the forecasted period is projected to be steady and robust over the five years.
Future trends to watch for include:
- Potential impacts of environmental policies on production and import dynamics.
- Fluctuations in global oilseed prices affecting market stability.
- Changes in consumer preferences towards plant-based oils.
