Germany and Spain lead European oilseed consumption, though Spain saw a 2.08% decline year-on-year in 2023. Germany's consumption grew by 0.52%. Poland and Bulgaria experienced significant growth rates of 4.37% and 8.49% respectively, while Sweden and Denmark showed promising increases of 3.37% and 3.24%. The UK consumption fell by 1.16%. Smaller markets like Croatia and Finland saw the highest decreases at 7.62% and 5.75%. Estonia's demand surged by 9.65%. Despite Italy's modest 1.7% increase, the European market remains volatile.
Future trends to watch include potential rebounds in negative growth countries like Belgium and Cyprus. Renewable energy demand may increase oilseed usage in biodiesel production. Monitoring geopolitical impacts and climate change is vital for supply chain stability. Expect fluctuations with renewable energy policy shifts, economic conditions, and technological advancements affecting consumption patterns.
Top countries in Oilseeds Domestic Material Consumption by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,010 | 2023 | +2.46% | +0.52% | View data |
| 2 | 2 Spain | 13,500 | 2023 | +1.23% | -2.08% | View data |
| 3 | 3 France | 6,700 | 2023 | +1.44% | +0.043% | View data |
| 4 | 4 Italy | 5,790 | 2023 | -0.032% | +1.7% | View data |
| 5 | 5 Netherlands | 4,480 | 2023 | -0.3% | -0.53% | View data |
| 6 | 6 Poland | 3,720 | 2023 | +3.14% | +4.37% | View data |
| 7 | 7 United Kingdom | 2,900 | 2023 | -0.069% | -1.16% | View data |
| 8 | 8 Romania | 2,580 | 2023 | +9.83% | -0.23% | View data |
| 9 | 9 Bulgaria | 2,470 | 2023 | +6.79% | +8.49% | View data |
| 10 | 10 Belgium | 2,420 | 2023 | -0.21% | -3.12% | View data |
