The oilseeds seed market in Germany has seen a fluctuating trend over the past decade. From a high of 22.0 thousand metric tons in 2014, the market has witnessed notable declines, dropping significantly to 16.0 thousand metric tons by 2023. This marks a decrease of 5.88% year-on-year for 2023. The cumulative average growth rate (CAGR) for the last five years stands at -1.21%.
Key variations include a dramatic 19.05% drop between 2017 and 2018, followed by a slight recovery and stabilization around 17.0 thousand metric tons from 2019 to 2022. A further dip to 16.0 thousand metric tons was observed by 2023.
Looking forward, forecasted data suggest a continued decline, projected to reach 14.0 thousand metric tons by 2028. The forecast 5-year CAGR is estimated at -2.64%, reflecting a forecasted overall growth rate decrease of 12.5% over the next five years.
Future trends to watch for include potential impacts from global commodity price fluctuations, changes in agricultural practices, and policy shifts related to sustainable farming and biodiesel production. Additionally, the adaptation to climate change and evolving consumer preferences may further influence the market trajectory.
