The forecast for the import of soya beans to Germany indicates a gradual decline from $1.3797 billion in 2024 to $1.3547 billion in 2028. In 2023, the actual figure stood at $1.3865 billion, which marks a consistent reduction over the forecasted period. The year-on-year variation shows slight decreases, reflecting a stable, yet downward trend. The projected Compound Annual Growth Rate (CAGR) over the five-year period suggests an average annual decrease, emphasizing the onset of a diminishing trend in import values.
Future trends to watch for include:
- Possible changes in domestic demand for soya beans due to consumer preferences or policy adjustments promoting local production.
- Global supply chain developments that may impact import costs and volumes.
- Fluctuations in global soya bean prices driven by international agricultural production conditions.
- Regulatory developments within the EU affecting agricultural imports from key markets.