The export volume of soybean oil in Germany has shown a steady decline over the past years. From a peak of 478.0 thousand metric tons in 2015, the volume has decreased significantly to 206.0 thousand metric tons in 2023. The year-on-year decline for 2023 was 5.07%, echoing an ongoing trend, with a Compound Annual Growth Rate (CAGR) of -4.03% over the past five years. This decline is part of a broader trend observed since 2016, with minor exceptions, showing persistent decreases each year.
- Future trends to watch for:
- The forecast indicates a continued downward trend, with the volume expected to fall to 149.0 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of -5.14% and an overall decline of 23.2% from 2023 to 2028. Factors to watch include global market demands, domestic production changes, and international trade policies that could further influence these forecasts.
