Over the past decade in Germany, the price per unit of oil-cake of vegetable fats or oils has shown a downward trend. From a peak of 0.32 euros per kilogram in 2013, prices steadily declined to 0.21 euros in 2021, a decrease of approximately 34%. The year-on-year decrease from 2020 to 2021 was roughly 8.7%. From 2016 to 2021, the compound annual growth rate was negative, reflecting an average annual decrease of about 3.64%.
In 2023, the value stood at the lowest level since the decade began. Market observations suggest a stabilized price level is possible moving forward, influenced by factors including advancements in agricultural technology, shifts in demand for plant-based nutrition, and geopolitical influences affecting oil supply chains. Watching price fluctuations in the cost of raw materials, technological improvements, and regulatory impacts will be crucial to understanding future pricing trends.
