In 2023, Germany's rapeseed oil production stood at 3.4115 million metric tons. The year-on-year variation from 2022 to 2023 was 0.95%, reflecting a slight increase. Over the last two years, production grew by 2.24%, signaling a trend of moderate growth. The 5-year CAGR shows an average annual growth rate of 1.63% from 2018 to 2023.
Key future trends to watch for include:
- Continued steady growth with a forecasted 5-year CAGR of 0.76%, expecting production to reach 3.5795 million metric tons by 2028.
- Increasing focus on sustainable agricultural practices which might impact crop yields.
- Potential market fluctuations due to global supply chain dynamics and climatic conditions.