In 2023, the import volume of groundnut oil in Germany stood at 2.0 thousand metric tons. Forecast data shows that the import volume is projected to remain stable at 2.0 thousand metric tons annually from 2024 to 2027. In 2028, a significant decrease is expected, bringing the import volume to 1.0 thousand metric tons. This represents a 50% year-on-year decrease at the end of the forecasted period from 2027 to 2028.
Future trends to watch for:
- Potential policy changes influencing import needs.
- Shifts in consumer preferences towards alternative oils.
- Global production fluctuations impacting supply and prices.
