The volume of the oil-cake market resulting from the extraction of soya-bean oil in Bulgaria reached 118.52 million kilograms in 2023. Over the past decade, this market has seen fluctuations, with notable peaks in 2017 and 2019. Examining recent trends, the market experienced a YoY increase of 1% in 2023 following a more substantial 9.71% rise in 2022. The compound annual growth rate (CAGR) for the last five years averaged at 0.9%, indicating moderate growth.
Future trends to watch include:
- The impact of geopolitical events on global soy supply chains.
- Technological advancements in extraction processes.
- Growing demand for sustainable and alternative protein sources.
- Regulatory changes affecting import and export dynamics within the EU.
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,717,400,000 | 2023 | -2.72% | -0.59% | View data |
| 2 | 2 Italy | 2,424,000,000 | 2023 | -0.75% | -0.8% | View data |
| 3 | 3 United Kingdom | 2,054,300,000 | 2023 | +0.68% | +1.81% | View data |
| 4 | 4 Denmark | 1,726,500,000 | 2023 | +1.4% | +1.07% | View data |
| 5 | 5 Belgium | 700,600,000 | 2023 | +1.5% | +0.18% | View data |
| 12 | 12 Lithuania | 130,780,000 | 2023 | +0.022% | +1.13% | View data |
| 13 | 13 Hungary | 122,160,000 | 2023 | -20.88% | -15.36% | View data |
| 14 | 14 Bulgaria | 118,520,000 | 2023 | +1% | +0.9% | |
| 15 | 15 Finland | 112,130,000 | 2023 | -0.46% | +2.61% | View data |
