In 2023, Germany's export volume of rapeseed and mustard oil stood at 995 thousand metric tons. The forecast indicates a gradual increase, progressing to 997 thousand metric tons in 2024, reaching 1010 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately 0.30% over the five-year period starting from 2024.
Future trends to watch for:
- Market Expansion: Efforts towards expanding exports beyond the EU could potentially drive higher growth rates.
- Sustainability Practices: Increasing consumer interest in sustainably produced oils could influence production techniques and market preferences.
- Global Pricing Pressures: Fluctuations in global oilseed markets may impact pricing and demand, influencing Germany's export volumes.