The Palm Oil Market in Germany has experienced a consistent decline over the past decade. Starting at 835.23 million Euros in 2012, the market size has progressively decreased to 292.7 million Euros in 2022. The year-on-year variations highlight significant decreases, notably -20.79% in 2015, -16% in 2017, and -11.54% in 2021, with slight growth only in 2020 at 2.94%. The compound annual growth rate (CAGR) over various periods reflects a similar downward trend, with -14.71% over one interval and -5.64% most recently.
The past five-year CAGR stands at -7.22%, indicating a steady reduction in market value. This trend showcases a shift possibly driven by increasing regulatory pressures, consumer awareness around environmental concerns, and industry shifts towards sustainable alternatives.
Looking forward, key trends to monitor include:
- Further shifts towards sustainable and ethical sourcing of palm oil.
- Regulatory changes within the EU impacting import and usage of palm oil.
- Consumer preference trends leaning more towards eco-friendly products.