In 2023, the import value of linseed oilcake and other solid residues to Germany is estimated to be lower than the forecast values starting in 2024. From 2024 onwards, there is a steady increase projected in the import values, rising from USD 1.4938 million in 2024 to USD 1.5437 million in 2028. The year-on-year growth rate is relatively modest but indicates a consistent upward trend over the five-year period. The forecasted Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects a steady average annual increase.
Future trends to watch for include potential variations in demand driven by changes in livestock feed and oil extraction industries in Germany. The impact of trade agreements and import tariffs will also play a role in shaping these trends. Additionally, fluctuations in global linseed production could influence import levels, necessitating close monitoring of agricultural output in key producing regions.
