The demand for vegetable oils in Finland has shown significant fluctuations over the past decade. In 2023, the demand stood at 215.0 Thousand Metric Tons, marking an increase of 2.87% year-on-year. From 2014 to 2016, the market experienced a decline, hitting a low in 2016. However, demand surged by nearly 67% in 2017 and continued to grow steadily, albeit with minor dips in 2019. Between 2021 and 2023, the Compound Annual Growth Rate (CAGR) was 2.08%, reflecting moderate yet consistent growth.

Future trends to watch for include:

Increased focus on sustainable and healthy vegetable oil options.
Continued steady growth, with a forecasted 5-year CAGR of 2%.
Potential impact of economic policies and global supply chain dynamics on demand.