The oil-cake resulting from the extraction of soya-bean oil in Belgium saw fluctuations from 2013 to 2023, with a peak in 2017 at 75.7 kilograms per capita and a decline to 57.54 kilograms per capita in 2023. The year-on-year variation over the last two years shows a minor decline, as 56.57 kilograms per capita in 2021 slightly fell to 57.54 in 2023. The compound annual growth rate (CAGR) over the past five years indicates a slight decrease, reflective of a consistent downward trend since 2018.
Future trends to watch for include potential shifts in dietary preferences toward plant-based proteins and sustainability-driven production methods, which may affect demand patterns for soya bean oil and related products. Monitoring global trade policies affecting soya bean production and import tariffs will also be crucial.
