The export volume of vegetable oils in Germany saw some fluctuations over the past decade, standing at 2.21 million metric tons in 2023. From 2014 to 2023, the volume experienced a peak at 2.55 million metric tons in 2016 and a notable dip to 2.15 million metric tons in 2018. The recent year-on-year variation for 2023 was a slight decrease of 0.32%, while the compound annual growth rate (CAGR) for the last five years averaged at 0.54%.
Looking at the future forecast from 2024 to 2028, a mild downward trend is evident, with a forecasted five-year CAGR of -0.24%, predicting a decline to 2.18 million metric tons by 2028. Future trends to watch for include potential impacts of global trade policies, technological advancements in oil extraction, and fluctuations in global demand and supply dynamics on vegetable oil exports.
