The forecast for vegetable oils demand in Spain from 2024 to 2028 shows a steady increase, rising from 4.84 million metric tons in 2024 to 5.16 million metric tons in 2028. Looking back, in 2023, the demand stood at 4.76 million metric tons.
Year-on-year variations:
- From 2023 to 2024: +1.68%
- From 2024 to 2025: +1.65%
- From 2025 to 2026: +1.63%
- From 2026 to 2027: +1.60%
- From 2027 to 2028: +1.57%
The average annual growth rate (CAGR) over this five-year period (2024-2028) is approximately 1.63%.
Future trends to watch for include potential impacts from dietary shifts toward healthier oils, changes in agricultural practices, and policy regulations favoring sustainable production. Monitoring the global supply chain and commodity price fluctuations will also be critical for anticipating changes in demand.
