Belgium's sunflowerseed oil export volume has demonstrated a gradual increase from 110.0 thousand metric tons in 2014 to 164.0 thousand metric tons in 2023. The year-on-year variation in 2023 was 1.86%, with a five-year CAGR of 1.01% indicating a stable yet modest growth. Notable fluctuations were observed in 2018 with a significant year-on-year increase of 21.88% and in 2019 with a decrease of 3.21%. The forecast from 2024 to 2028 predicts a continued upward trend, reaching 179.0 thousand metric tons by 2028, driven by an average annual growth rate (CAGR) of 1.4%
Future trends to watch for include:
- Market dynamics influenced by global supply chain disruptions and geopolitical factors.
- Environmental policies and sustainability practices impacting production and export conditions.
- Technological advancements in agriculture improving yield and quality of sunflowerseed oil.