The soybean oil import volume in France is forecasted to decline steadily over the next five years from 55.0 thousand metric tons in 2024 to 51.0 thousand metric tons in 2028. This forecasted drop follows a consistent year-on-year decrease of approximately 1.8%. Looking back, a uniform declining trend was observed in 2023. The compound annual growth rate (CAGR) from 2024 to 2028 stands at around -2%, indicating a gradual reduction in import volume over the forecast period.
Future trends to watch for include the effect of potential changes in agricultural policies, advancements in domestic production capabilities, and shifts in consumer preferences towards alternative oils. Additionally, global market dynamics and trade regulations may play pivotal roles in shaping the trajectory of soybean oil imports into France.
