In 2023, the demand for soybean oil in France stood at 263 thousand metric tons. Forecasted data from 2024 to 2028 suggests a gradual increase in demand. In 2024, the demand is expected to reach 264 thousand metric tons, marking a 0.38% year-on-year increase. The lean growth continues with a 0.38% increase to 265 thousand metric tons in 2025, which remains constant through 2027. In 2028, the demand slightly rises again to 266 thousand metric tons, making the compound annual growth rate (CAGR) approximately 0.19% over the forecasted period.
Future trends to watch for:
- Consumer preference shifts towards healthier oils could influence soybean oil demand.
- Government policies on renewable energy, particularly biodiesel production, might impact usage volumes.
- Global supply chain disruptions could affect price and availability, altering demand patterns.
