In 2023, Germany's import of methionine stood at 15.0 million kilograms. Moving forward, forecasts indicate a stable growth trajectory in the import volume from 2024 to 2028, with a year-on-year increase projected at around 2%. This indicates robust demand growth, culminating in an expected import volume of 16.524 million kilograms by 2028. The compound annual growth rate (CAGR) over this period is estimated at approximately 2%.
Future trends to watch for include:
- Continued demand from the animal feed industry, as methionine is a crucial additive.
- Potential impact of regulatory changes on import tariffs or restrictions.
- Advancements in production technology that could affect global methionine supply and pricing.