The forecasted sold production of refined soya-bean oil in the Netherlands shows a consistent upward trend from 2024 onwards, starting at 369.56 million kilograms and reaching 394.58 million kilograms by 2028. Comparing the forecasted values year-on-year, we see an increase of around 1.7% per year. The significant growth observed in these projections suggests that the demand for refined soya-bean oil will continue to rise steadily. As of the end of 2023, the actual production stood slightly below the 2024 forecast figure. The Compound Annual Growth Rate (CAGR) over the next five years is expected to be approximately 1.6%.
Future trends to watch for include potential shifts in consumer preferences towards alternative oils, advancements in refining technologies, and regulatory changes that may impact production and market dynamics. Additionally, global economic factors and trade policies could also play a significant role in influencing the production and demand in this sector.
