As of 2023, the demand for soybean oil in the Netherlands stood at 137.0 thousand metric tons. The forecasted data indicates that demand will remain relatively stable from 2024 to 2026 at 138.0 thousand metric tons, with a slight increase to 139.0 thousand metric tons in 2027 and 2028. This represents a negligible year-on-year variation and a minimal compound annual growth rate (CAGR) over the next five years.
Future trends to watch for:
• Increasing health consciousness and dietary shifts towards plant-based oils may drive a gradual rise in demand.• Policy changes, such as subsidies for biofuels, may impact soybean oil use in non-food applications.• Market disruptions caused by geopolitical events, trade policies, or climate changes could affect supply and price stability.
