The Croatian market for oil-cake resulting from the extraction of sunflower seed fats or oils showed fluctuations between 2013 and 2023, with a market size value reaching 19.976 million Euros in 2023. Year-on-year variations peaked in 2013 and 2015 with positive growth, while recent years, namely 2022 and 2023, experienced slight declines. From 2018 to 2023, the Compounded Annual Growth Rate (CAGR) remained fairly stable with minimal variation, averaging a decline at -0.67% per annum over the last five years.
Looking ahead, key trends to watch include potential impacts of global shifts towards alternative energy sources and the ongoing developments in agricultural technologies, which may both influence production costs and demand patterns. Additionally, environmental regulations could affect the processing practices and market conditions for such oil-cake products in the future.
