In 2023, the import volume of soybean oil in Sweden stood at 28 thousand metric tons. From 2014 to 2017, the import volume experienced growth, peaking at 35 thousand metric tons in 2017. However, a significant decline followed in 2018, dropping to 26 thousand metric tons. Stabilization occurred between 2019 and 2023, with volumes maintaining at 28 thousand metric tons. The year-on-year variation for 2023 was 0%, with a Compound Annual Growth Rate (CAGR) of 1.49% from 2014. Looking forward, the five-year forecast suggests a slight decline with a forecasted CAGR of -0.72% and an overall growth rate drop of -3.57% by 2028.
Future trends to watch for include:
- Potential shifts in global trade policies affecting soybean oil imports.
- Technological advancements in domestic oil production.
- Changes in consumer preferences towards alternative oils.
- Environmental and sustainability standards impacting import volumes.
