In 2023, the demand for sunflower seed oil in Spain stood at 950 thousand metric tons. From 2024 to 2028, the forecasted demand shows a consistent upward trend. Year-on-year variations are as follows:
- 2024: +1.68%
- 2025: +1.35%
- 2026: +1.33%
- 2027: +1.81%
- 2028: +0.99%
Viewed over a longer period, the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.43%.
Future trends to watch for include potential changes in consumer preferences towards healthier edible oils, advancements in agricultural technology impacting sunflower production, and policy changes in the European Union affecting import and export dynamics. Observing these factors will be crucial for projecting long-term demand accurately.