In 2024, the forecast for Germany's import of hydrogenated animal and vegetable fats or oils is $219.41 million, gradually rising year-on-year to $228.34 million by 2028. In comparison, the actual import value for 2023 stood at $217.26 million. From 2023 to 2028, the overall upward trend indicates steady market growth, with a year-on-year increase of approximately 1% to 2%. Over the last five years, the compound annual growth rate (CAGR) would reflect consistent minor enhancements in import values.
Future trends to watch include potential shifts in global supply and demand dynamics, sustainability initiatives driving plant-based oil imports, and policy changes regarding agricultural imports that could impact market conditions. Additionally, the emergence of alternative fats and oils due to environmental concerns and technological advancements may influence future import figures.
