Soybean oil production in Germany has experienced fluctuations over the past decade. The highest production was in 2015, followed by a volatile period with a downward trend. By 2023, production stood at 638.0 thousand metric tons, showing a slight decline of 0.16% year-on-year. The Compound Annual Growth Rate (CAGR) over the last five years was -0.22%, indicating a minor yearly decrease.
Trends to watch for in the future include:
- Continued slight decline in production, with the forecast showing a CAGR of -0.06% over the next five years.
- Potential shifts due to changing agricultural policies, climatic conditions, and advancements in farming technology.
- Impact of global market demand and trade policies on local production decisions.