In 2023, the Netherlands led European refined soya-bean oil production at 208.4 million euros, experiencing a modest growth of 3.01% year-on-year. Italy followed with 161.96 million euros, yet faced a decline of 9.74%. Spain showed significant growth, increasing by 10.54% to reach 106.88 million euros. Portugal rose by 2.52%, Greece by 5.48%, while Denmark, despite its small market size, had the highest relative increase at 177.03%. Over the past five years, the compound annual growth rate (CAGR) reveals steady growth across most countries.
Future trends to watch include potential expansions in the Netherlands and Spain due to their consistent growth trajectories, innovations in processing technologies, and the influence of environmental regulations that may impact production dynamics and market strategies in the soya-bean oil sector.
Top countries in Sold Production of Refined Soya-Bean Oil by Country
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 208,400,000 | 2023 | +0.0028% | +3.01% | View data |
| 2 | 2 Italy | 161,960,000 | 2023 | +4.09% | -9.74% | View data |
| 3 | 3 Spain | 106,880,000 | 2023 | -0.53% | +10.54% | View data |
| 4 | 4 Portugal | 50,050,000 | 2023 | +8.97% | +2.52% | View data |
| 5 | 5 Greece | 40,939,000 | 2023 | -1.08% | +5.48% | View data |
| 6 | 6 Germany | 15,060,000 | 2021 | +9.81% | +10.06% | View data |
| 7 | 7 Denmark | 100,440 | 2023 | +117.71% | +177.03% | View data |
