The forecast for Germany's import of crude soybean oil shows a consistent downward trend from 2024 to 2028. Starting at 31.096 million kilograms in 2024, the imports are projected to decrease annually, reaching 18.461 million kilograms by 2028. This reflects a significant decline from the 2023 figure, where imports were registered at 33.0 million kilograms, indicating a substantial year-on-year reduction. Specifically, imports drop by approximately 10.5% from 2024 to 2025, 11.5% to 2026, 12.7% to 2027, and 14.2% to 2028. The compound annual growth rate (CAGR) over this five-year period forecasts an average annual decline of around 9.5%.
Looking ahead, potential factors influencing future trends include shifts in global soybean production, trade policies affecting agricultural imports within the EU, and changes in domestic oil consumption patterns due to sustainability efforts. Additionally, advances in biotechnology and alternative oil sources could further impact Germany's reliance on imported crude soybean oil.
