The European import market for refined soya-bean oil in 2023 highlighted significant variations among countries. Key importers included the United Kingdom, Belgium, and Ireland, with a mixed trend of growth and decline. Notable increases were observed in Germany and Italy with growth rates of 17.8% and 77.37%, respectively. Conversely, countries like Belgium and the Netherlands experienced substantial declines in imports by 5.58% and 26.19%. Meanwhile, Finland demonstrated the highest growth rate at 44.68%, albeit from a smaller base. The Compound Annual Growth Rate (CAGR) over the past 5 years showcases a general trend of moderate growth across the continent.
Future trends to watch for in European refined soya-bean oil imports include possible impacts of changing agricultural policies and the evolving demand for plant-based products. An increased focus on sustainable farming and environmental considerations may lead to fluctuating import needs. Additionally, technological advancements and economic factors in supply countries might affect the volume of imports in upcoming years. Close attention to developments in alternative oils and economic shifts will be vital for understanding future market dynamics.
Top countries in Import of Refined Soya-Bean Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 62,227,000 | 2023 | -1.07% | -0.76% | View data |
| 2 | 2 Belgium | 59,600,000 | 2023 | +0.91% | -5.58% | View data |
| 3 | 3 Ireland | 41,971,000 | 2023 | +4.71% | +6.16% | View data |
| 4 | 4 Germany | 41,232,000 | 2023 | +11.58% | +17.8% | View data |
| 5 | 5 Italy | 35,482,000 | 2023 | +13.63% | +77.37% | View data |
| 6 | 6 France | 13,427,000 | 2023 | -8.13% | +9.16% | View data |
| 7 | 7 Poland | 10,467,000 | 2023 | -0.89% | -3.26% | View data |
| 8 | 8 Netherlands | 9,558,200 | 2023 | +1.42% | -26.19% | View data |
| 9 | 9 Denmark | 9,238,000 | 2023 | +14.81% | +2.86% | View data |
| 10 | 10 Portugal | 4,525,800 | 2023 | -2.92% | +13.02% | View data |
