The data on soybean oil production in Poland shows significant fluctuations over the past decade. From 2013 to 2023, production reached a high of 10,000 metric tons in 2016 but faced recurring dips with the year 2023 marking a production value of 3,960 metric tons. Year-on-year variations were notably erratic, such as a significant decline of 52.9% in 2014 and a sharp increase of 147.04% in 2015. More recently, the production value remained relatively stable, with slight year-on-year declines by 0.57% in 2022 and 0.58% in 2023. The compound annual growth rate (CAGR) over the last five years stood at approximately 5.73%, reflecting occasional growth amidst general volatility.
Forecasts indicate a gradual decline in production, with expected values decreasing to 3,840 metric tons by 2028. The 5-year forecast CAGR shows a slightly negative value of -0.49%, projecting an overall decline of 2.4% over this period. This suggests that soybean oil production in Poland is expected to continue its downward trend.
Future trends to watch for include potential changes in agricultural policies, climate conditions, and market demand which could impact production levels. Additionally, advancements in soybean cultivation techniques or shifts in global soybean oil markets may also influence future production outcomes.