In 2023, Germany imported around 143.90 million US dollars worth of sunflower or safflower oil and fractions simply refined. The forecast from 2024 to 2028 indicates a steady growth in imports, with values rising from 145.54 million to 151.88 million US dollars. Year-on-year growth rates are modest but positive, ranging from 1.13% to 1.02% annually. The Compound Annual Growth Rate (CAGR) for the period is approximately 1.36%, indicating a stable market with slight upward momentum.
Future trends to watch for include:
- Potential changes in global oilseed production impacting supply and prices.
- Shifts in dietary preferences influencing demand levels.
- Regulatory changes within the EU affecting import procedures or tariffs.
