In 2023, Germany's import volume of chemically modified animal or vegetable fats and oils stood at approximately 770 million kilograms. Forecasts indicate a steady increase from 2024 to 2028, with volumes expected to reach 925.49 million kilograms. Year-on-year growth is projected to be consistent, marking an upward trend across this period. The compound annual growth rate (CAGR) over these five years is estimated at approximately 3.64% per annum, indicating robust growth in import activities.
Future trends to watch for:
- Emergence of sustainability and ecological considerations influencing demand
- Technological advancements leading to new applications for these oils
- Evolving policies and tariffs affecting international trade dynamics
- Growing demand in sectors such as renewable energy and food industries
