The sunflower oil market in Spain has experienced significant fluctuations in volume over the years. Starting at 659.24 million kilograms in 2012, the market saw a minor decline and then a notable increase in 2016 and 2017, with values of 719.15 million and 897.65 million kilograms respectively. The volume stabilized around the mid-800 million kilograms range from 2018 to 2022, showing slight annual variations. In 2023, the volume stood around 850 million kilograms, indicating a relatively stable market.
Year-on-year variations reflect both growth and declines, with the most substantial increase occurring in 2017 (24.82%) and a notable drop in 2013 (-7.18%). Over the last two years, the market saw an average annual growth of around -0.7%, while the average annual growth rate (CAGR) over the past five years was more stable, averaging 3.29%.
Future trends to watch for:
- Potential market stabilization or slight growth, given the historical fluctuations.
- Impact of agricultural yields and crop health, influenced by climate change and farming practices.
- Shifts in consumer preferences towards healthier oils and dietary trends.
- Economic factors, such as inflation and disposable income, influencing purchasing power and consumption.
How does Spain rank in Sunflower Oil Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 907,630,000 | 2023 | +2.56% | +0.73% | |
| 2 | 2 Italy | 793,420,000 | 2023 | +5.2% | +6.03% | View data |
| 3 | 3 Germany | 369,080,000 | 2023 | +2.94% | +2.56% | View data |
| 4 | 4 Romania | 265,430,000 | 2023 | +0.63% | +0.41% | View data |
| 5 | 5 Bulgaria | 77,198,000 | 2023 | +0.7% | +0.76% | View data |
