The sunflowerseed oil market in Spain is set to increase steadily from 581.0 thousand metric tons in 2024 to 590.0 thousand metric tons by 2028. This represents an annual growth of approximately 0.51% year-on-year from 2024 to 2025, with a very stable CAGR over the five-year forecast period.
In 2023, the market stood at a defined baseline, indicating consistent consumption patterns. The upward trend in the forecasted period suggests a gradual increase in demand potentially driven by changes in dietary preferences and increased application in food industries.
Future trends to watch for:
- Shifts in consumer preferences towards healthier oils which may further boost sunflowerseed oil demand.
- Potential impacts of agricultural policies and climatic conditions on sunflowerseed production, which could affect market dynamics.
- The influence of global oil prices and trade policies on the local market.