The Romanian market for oil-cake of vegetable fats or oils reached 692.71 million kilograms in 2023. This market saw fluctuating yearly variations, showing strong growth in 2017-2018 but declining in 2019-2020. In recent years, growth stabilized, albeit modestly, with year-on-year increases between 1.93% and 2.1% from 2021 to 2023. The compound annual growth rate (CAGR) over the past five years showed a slight decline by 1.88%, indicating a mild overall contraction as compared to significant growth in certain past years like 2018.
Future trends to observe include:
- Potential rebound in demand driven by shifts in animal feed and biofuel markets.
- Impact of regulatory changes supporting renewable energy production.
- Impact of climate change on oilseed crop yields.
- Emerging technological advancements in the agro-industrial sector.
How does Romania rank in Oil-Cake of Vegetable Fats or Oils Market Size Volume?
| # | 16 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 7,225,500,000 | 2023 | +2.06% | -0.75% | View data |
| 2 | 2 France | 6,997,600,000 | 2023 | +0.44% | +0.11% | View data |
| 3 | 3 Germany | 4,313,100,000 | 2023 | +1.57% | -0.17% | View data |
| 4 | 4 Italy | 3,834,400,000 | 2023 | -0.81% | -0.97% | View data |
| 5 | 5 Poland | 3,444,200,000 | 2023 | -0.2% | +0.7% | View data |
| 6 | 6 United Kingdom | 2,819,300,000 | 2023 | -0.92% | +1.53% | View data |
| 7 | 7 Denmark | 2,627,800,000 | 2023 | +1.39% | +0.82% | View data |
| 8 | 8 Romania | 692,710,000 | 2023 | +1.93% | -1.88% | |
| 9 | 9 Austria | 576,120,000 | 2023 | +0.11% | +0.78% | View data |
| 10 | 10 Greece | 553,710,000 | 2023 | +0.93% | +2.19% | View data |
