From a peak demand of 15.52 million metric tons in 2015, Germany's oilseed demand fell steadily, reaching 12.56 million metric tons in 2023 (-0.63% YoY). Since 2022, demand growth has been negative with a 5-year CAGR of -0.51%. Future forecasts indicate a further decline, with a projected 5-year CAGR of -0.54%, reaching 12.14 million metric tons by 2028.
Future Trends to Watch:
- Environmental regulations impacting agriculture.
- Macro-economic conditions and their effects on export/import balance.
- Technological advancements in crop yield improvement.
- Shifts in domestic consumption patterns towards alternative oils.
