In 2023, the sold production of refined soya-bean oil in the Netherlands was valued at 208.42 million Euros. Over the period from 2013 to 2023, the industry saw significant fluctuations, with a notable decline in 2015 and substantial recovery thereafter. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 3.01%. Notably, while there was considerable volatility in the early years, more recent years have shown a stabilization in value, with a slight increase in 2023. The year-on-year variation between 2022 and 2023 was marginal, illustrating a trend toward steady production values.
Looking toward the future, from 2024 to 2028, the forecast data suggests minimal growth, with a forecast CAGR of 0%. The value is expected to remain stable around 208.44 to 208.45 million Euros. This stability points to a mature market with limited growth prospects in the short term.
Future trends to watch for:
- Potential impact of technological advancements in production efficiency.
- Shifts in global demand for refined soya-bean oil due to dietary and health trends.
- Possible regulatory changes impacting production and distribution.
- Sustainability initiatives and their influence on production practices.
