The demand for soybean oil in Poland showed a fluctuation between 2014 and 2023, with the highest levels recorded at 73.0 thousand metric tons in 2014 and 2016. However, the trend has been largely downward since 2017, reaching 68.0 thousand metric tons in 2023. Year-on-year changes ranged from -2.82% in 2018 to a stable 0% in multiple years, with a decline of -1.45% observed in both 2017 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at -0.29%, indicating a slight but persistent decline. The forecast indicates this reduction trend will continue at an approximate CAGR of -0.3% until 2028.
Future trends to watch for include potential shifts in consumer preferences, the impact of new dietary guidelines, and changes in the agricultural landscape that may influence soybean oil production and prices. Additionally, increasing awareness and consumption of alternative oils could further moderate demand.
