As of 2023, Germany's import of soya bean flour or meal stood at around 61.75 million kilograms. The forecast for 2024 is 64.333 million kilograms, marking a significant increase. From 2024 to 2028, the import volume is set to rise consistently. The year-on-year growth from 2024 to 2025 is approximately 4.2%, followed by 3.95% from 2025 to 2026, 3.73% from 2026 to 2027, and 3.52% from 2027 to 2028. This consistent increase suggests a Compound Annual Growth Rate (CAGR) of approximately 4% over five years.
Future trends to watch for include:
- Shift towards plant-based diets influencing soya bean flour demand.
- Potential regulatory changes affecting import strategies.
- Emerging supply chain dynamics and geopolitical factors influencing global soybean market.