The Oil-Cake of Vegetable Fats or Oils market in Belgium has experienced a notable decline in market size value from a high of 419 million euros in 2015 to 231 million euros in 2023. There was a significant drop in 2016, continued declines through 2019, and fluctuations thereafter, with a rebound in 2021 followed by another downturn. The past five years show an average annual decrease (CAGR) of 4.82%, with specific declines over the last two years of 15.03% in 2022 and 6.46% in 2023.
Future trends to watch:
- Shift towards sustainable and environmentally-friendly practices, which may influence demand.
- Impact of global economic conditions and commodity price volatility on market dynamics.
- Potential recovery influenced by innovations in agriculture and oil-cake usage.
How does Belgium rank in Oil-Cake of Vegetable Fats or Oils Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,111,800,000 | 2023 | +1.39% | +2.31% | View data |
| 2 | 2 Poland | 1,713,500,000 | 2023 | +2.4% | +1.51% | View data |
| 3 | 3 Italy | 1,701,500,000 | 2023 | -0.42% | -0.058% | View data |
| 4 | 4 Spain | 1,650,100,000 | 2023 | +1.17% | +1.89% | View data |
| 5 | 5 Denmark | 1,274,100,000 | 2023 | +2.33% | +2.56% | View data |
| 9 | 9 Romania | 287,600,000 | 2023 | +1.98% | +1.87% | View data |
| 10 | 10 Austria | 248,810,000 | 2023 | +1.58% | +0.72% | View data |
| 11 | 11 Belgium | 230,500,000 | 2023 | -6.46% | -4.82% | |
| 12 | 12 Sweden | 224,340,000 | 2023 | +1.49% | +2.47% | View data |
| 13 | 13 Finland | 184,170,000 | 2023 | +0.92% | +0.8% | View data |
