Over the past decade, the oil-cake market resulting from the extraction of soya-bean oil in Hungary has experienced a notable decline, with the volume in million kilograms dropping from 425.42 in 2013 to 122.16 in 2023. Key drivers of this trend include a prolonged reduction pattern, showcased by a year-on-year decrease of over 20% in recent years and a five-year compound annual growth rate (CAGR) of -15.36%. This trend underscores the consistent contraction in Hungary's soya-bean oil-cake production over the years.
- Significant year-on-year reduction of 28.27% in 2021.
- Followed by -17.42% in 2022 and -20.88% in 2023.
- Overall, the five-year CAGR highlights an average annual decrease of 15.36%.
Looking forward, potential trends to observe include the impact of global supply chain shifts, evolving agricultural technology, and environmental policies that may influence production dynamics or spur market adaptation. Monitoring demand shifts and export policies will be crucial in understanding future movements in this sector.
How does Hungary rank in Oil-Cake Resulting from the Extraction of Soya-Bean Oil Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,717,400,000 | 2023 | -2.72% | -0.59% | View data |
| 2 | 2 Italy | 2,424,000,000 | 2023 | -0.75% | -0.8% | View data |
| 3 | 3 United Kingdom | 2,054,300,000 | 2023 | +0.68% | +1.81% | View data |
| 4 | 4 Denmark | 1,726,500,000 | 2023 | +1.4% | +1.07% | View data |
| 5 | 5 Belgium | 700,600,000 | 2023 | +1.5% | +0.18% | View data |
| 11 | 11 Croatia | 186,800,000 | 2023 | -0.95% | +0.95% | View data |
| 12 | 12 Lithuania | 130,780,000 | 2023 | +0.022% | +1.13% | View data |
| 13 | 13 Hungary | 122,160,000 | 2023 | -20.88% | -15.36% | |
| 14 | 14 Bulgaria | 118,520,000 | 2023 | +1% | +0.9% | View data |
| 15 | 15 Finland | 112,130,000 | 2023 | -0.46% | +2.61% | View data |
