In 2023, the import of soya bean flour or meal to Germany was valued at present USD before the forecast from 2024, indicating an upward trajectory beginning with USD 35.289 million in 2024 and steadily climbing to USD 40.848 million by 2028. The year-on-year growth percentages reflect increasing imports, attributed to rising demand and market expansions. Over the last two years, imports showed a consistent upward trend, with a compound annual growth rate (CAGR) observing significant positive movement across the forecasted period.
Future trends to watch for include:
- Potential policy changes affecting import tariffs or subsidies in agri-food sectors.
- Fluctuations in global soy prices impacting import costs.
- Shifts in consumer preferences towards plant-based food options driving demand.
- Environmental regulations influencing the sustainability and sourcing of soya products.
