The sunflower oil market in Romania showed a declining trend from 2013 to 2023, with the market size dropping from 333.6 million Euros in 2013 to 292.81 million Euros in 2023. The year-on-year decrease averaged around -1.15% the last two years, with a five-year CAGR of -1.4%, indicating a persistent contraction in market size. Notably, the market experienced only a slight increase in 2015, but thereafter continued its downward trajectory.
Future Trends to Watch:
- Potential shifts in consumer preferences towards healthier oils.
- Market impact due to geopolitical changes affecting raw material supply.
- Technological advancements in oil processing and sustainable practices could alter production costs.
How does Romania rank in Sunflower Oil Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,035,300,000 | 2023 | +2.85% | -0.62% | View data |
| 2 | 2 Romania | 292,810,000 | 2023 | -1.15% | -1.4% | |
| 3 | 3 Germany | 284,610,000 | 2023 | -3.38% | -1.13% | View data |
| 4 | 4 Croatia | 82,341,000 | 2023 | +1.69% | -1.1% | View data |
| 5 | 5 Bulgaria | 76,380,000 | 2023 | -1.69% | -1.23% | View data |
