The forecasted sold production of soya-bean oil in Spain shows a decreasing trend from 2024 to 2028. Starting from 99.366 million Euros in 2024, it is projected to decline gradually to 97.296 million Euros by 2028. This represents a year-on-year percentage decrease of approximately 0.5% to 0.6%. The data from 2023, which stood at 99.800 million Euros, indicates that the sector is experiencing a marginal contraction. Based on the provided data, the Compound Annual Growth Rate (CAGR) for the forecast period of 2024-2028 is negative.
Future trends to watch for include potential shifts in consumer preferences towards alternative oils, changes in global supply chain dynamics, and possible regulatory impacts on production practices. Additionally, advancements in agricultural technologies and sustainability practices may influence future production levels.
