In 2023, the Bulgarian market size for oil-cake from the extraction of soya-bean oil stood at 74.373 million Euros, showing a modest 1.93% year-on-year increase from 2022. The market has exhibited volatility over the past decade, with fluctuations in growth rates. While there have been declines such as in 2015 and 2017, recovery was noted, especially from 2021 onward. The past five years saw a compound annual growth rate (CAGR) of 2.75%, indicating a gradual upward trend.
Future trends to watch for include:
- Potential influences from global supply chain dynamics impacting raw material availability.
- EU agricultural policy changes affecting production costs and market accessibility.
- Increased demand for sustainable and non-GMO products potentially driving market shifts.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,433,600,000 | 2023 | -0.9% | -0.098% | View data |
| 2 | 2 Italy | 1,118,700,000 | 2023 | -1.97% | -2.03% | View data |
| 3 | 3 United Kingdom | 1,051,100,000 | 2023 | -0.21% | -0.042% | View data |
| 4 | 4 Spain | 1,047,300,000 | 2023 | -1.11% | +1.62% | View data |
| 5 | 5 Denmark | 912,720,000 | 2023 | +1.25% | +1.37% | View data |
| 9 | 9 Greece | 156,590,000 | 2023 | +0.14% | -0.38% | View data |
| 10 | 10 Croatia | 99,501,000 | 2023 | +0.79% | +0.39% | View data |
| 11 | 11 Bulgaria | 74,373,000 | 2023 | +1.93% | +2.75% | |
| 12 | 12 Lithuania | 63,292,000 | 2023 | +0.59% | +0.11% | View data |
| 13 | 13 Finland | 49,700,000 | 2023 | -5.5% | -3.37% | View data |
