The sold production of margarine and similar edible fats in Germany has experienced considerable fluctuations over the past decade. From 2013 to 2017, there was a steady decline, culminating in a significant drop in 2018. This period saw an overall decrease in production from 535.07 million kilograms in 2013 to 388.52 million kilograms in 2018. Following this decline, a slight recovery pattern emerged with values increasing into 2019 and 2020. However, the sector saw a sharp decrease in 2021, followed by a substantial spike in 2022, bringing production to 674.96 million kilograms. The upward trend continued into 2023, with production reaching 687.74 million kilograms.
- Year-on-year variation: - The year 2022 recorded an immense year-on-year increase of 85.58%, indicative of a major recovery. - The increase continued into 2023 with a 1.89% rise.- Compound annual growth rate (CAGR): - The last 5 years saw a significant average annual growth rate of 12.1%.- Forecast (2024-2028): - A steady growth pattern is projected, with a 2028 forecast of 749.73 million kilograms and an average annual growth rate (CAGR) of 1.37% over the next five years. - By 2028, the total growth is anticipated to reach 7.04% compared to 2023.
Future trends to watch for include the impact of sustainability trends and health-oriented consumption patterns on margarine alternatives. Additionally, monitoring the effects of economic factors such as inflation and commodity prices on production volumes will be critical.
