Germany's oil crops production has been on a declining trend, with a peak of 6.3286 million metric tons in 2014. Since then, it has faced a consistent decrease, reaching 2.6078 million metric tons in 2023. Over the last two years, the production dropped by 5.37% in 2022 and 5.56% in 2023. Looking at the average annual decline over the past five years, the compound annual growth rate (CAGR) stands at -7.11%.
Future trends to watch for:
- Forecasts indicate a continuous decline with a further decrease to 1.8064 million metric tons by 2028.
- The 5-year CAGR forecast is -5.83%, equating to a total decline of 25.95% over this period.
- Factors such as climate change impacts, shifts in agricultural policies, and potential changes in global demand could further influence production levels.
