The production of vegetable oils in France has shown a slight decline over the past decade. From a peak of 2.89 million metric tons in 2015, production decreased to 2.65 million metric tons in 2023, a reduction of approximately 0.45% year-on-year and a compound annual growth rate (CAGR) of -0.51% over the last five years. Major changes include a significant drop in 2016 (-6.06%) and a marked decrease in 2020 (-5.46%). While there was a recovery in 2021, the overall trend remains downward. From 2024 to 2028, production is forecasted to continue its decline at a CAGR of -0.39%, tapering off by 1.94% over the period to reach 2.59 million metric tons in 2028.
Future trends to watch for:
- Potential impact of climate change on crop yields and subsequent oil production.
- Technological advancements in agricultural practices which may offset declines.
- Shifting consumer preferences towards health-conscious and sustainable products.
- Government policies and subsidies impacting the agriculture sector.
