In 2023, the Netherlands led the European sold production of soya-bean oil, followed by Italy and Spain. Noteworthy growth was in Denmark with a significant increase of 177.03%, indicating a smaller base effect. Spain also saw substantial growth of 10.54%, whereas Italy experienced a decline of 9.74%. Portugal and Greece managed to achieve modest growth, with figures at 2.52% and 5.48%, respectively.
Future trends to monitor include:
- Potential recovery for Italy as market conditions stabilize.
- Continued expansion in Spain fueled by favorable market dynamics.
- Whether Denmark's marked increase is sustainable long-term or an outlier.
- Overall impacts of geopolitical factors and EU agricultural policies on production.
Top countries in Sold Production of Soya-Bean Oil Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 37.45 | 2023 | +0.0028% | +3.01% | View data |
| 2 | 2 Italy | 29.11 | 2023 | +4.09% | -9.74% | View data |
| 3 | 3 Spain | 19.21 | 2023 | -0.53% | +10.54% | View data |
| 4 | 4 Portugal | 9 | 2023 | +8.97% | +2.52% | View data |
| 5 | 5 Greece | 7.36 | 2023 | -1.08% | +5.48% | View data |
| 6 | 6 Germany | 2.71 | 2021 | +9.81% | +10.06% | View data |
| 7 | 7 Denmark | 0.018 | 2023 | +117.71% | +177.03% | View data |
