The market size value for oil-cake from the extraction of vegetable fats and oils in Slovenia stood at 1,841.6 thousand euros in 2023. Over the years, there has been a noticeable growth trend with a few fluctuations. The year-on-year growth rates have shown considerable changes, peaking in 2015 at 22.84% and dipping in 2021 with a decline of 3.86%. However, the market regained momentum in 2022 and 2023 with positive growth. The compound annual growth rate (CAGR) over the last five years is 1.67%, indicating moderate but steady growth.
- 2013-2019: Rapid growth, with significant year-on-year increases except for 2019.
- 2019-2021: Faced declines, partly due to market saturation and external factors.
- 2022 onwards: Recovered, showing a positive trend towards stability and growth.
Future trends to watch for include potential market diversifications and innovations in extraction technologies, which may drive further growth. Changes in global trade policies and demand for more sustainable products could also impact market dynamics. Monitoring consumer preferences and investment in R&D will be critical for market players.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 217,110,000 | 2023 | +1.95% | +0.89% | View data |
| 2 | 2 Belgium | 73,401,000 | 2023 | -1.69% | -0.58% | View data |
| 3 | 3 France | 72,128,000 | 2023 | -1.29% | -1.39% | View data |
| 4 | 4 Slovenia | 1,841,600 | 2023 | +6.56% | +1.67% | |
| 5 | 5 Croatia | 333,000 | 2023 | +0.42% | +1.27% | View data |
