In 2023, the UK led in soya-bean oil imports among European countries, while Italy showed remarkable growth with a 77.37% increase from the previous year. Germany and Sweden also experienced strong year-on-year growth at 17.8% and 17.21%, respectively. However, Belgium and the Netherlands saw significant declines of 5.58% and 26.19%, respectively. Finland posted the highest increase with a 44.68% surge, though from a smaller base.
Looking ahead, Italy's rising demand and Germany's growth hint at increased imports in these markets. However, economic conditions and policy changes concerning renewable energy and agriculture could influence future trends in Europe's soya-bean oil imports.
Top countries in Import of Soya-Bean Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 62,227,000 | 2023 | -1.07% | -0.76% | View data |
| 2 | 2 Belgium | 59,600,000 | 2023 | +0.91% | -5.58% | View data |
| 3 | 3 Ireland | 41,971,000 | 2023 | +4.71% | +6.16% | View data |
| 4 | 4 Germany | 41,232,000 | 2023 | +11.58% | +17.8% | View data |
| 5 | 5 Italy | 35,482,000 | 2023 | +13.63% | +77.37% | View data |
| 6 | 6 France | 13,427,000 | 2023 | -8.13% | +9.16% | View data |
| 7 | 7 Poland | 10,467,000 | 2023 | -0.89% | -3.26% | View data |
| 8 | 8 Netherlands | 9,558,200 | 2023 | +1.42% | -26.19% | View data |
| 9 | 9 Denmark | 9,238,000 | 2023 | +14.81% | +2.86% | View data |
| 10 | 10 Portugal | 4,525,800 | 2023 | -2.92% | +13.02% | View data |
