The demand for soybean oil in Austria was recorded at 19.5 thousand metric tons in 2023. Forecasted data suggests steady growth starting from 2024 with a value of 20.0 thousand metric tons, maintaining this level in 2025, before rising to 21.0 thousand metric tons in 2026 and 2027, and finally reaching 22.0 thousand metric tons in 2028. Analyzing the year-on-year percentage variations, there is no change anticipated between 2024 and 2025, a 5% increase from 2025 to 2026, stability in 2027, followed by a 4.76% rise from 2027 to 2028. The CAGR over the 5-year period is approximately 2.45%.
Trends and future considerations:
- Monitor potential influences of changes in agricultural policies within the EU.
- Global market conditions for soybean oil should be watched for supply chain impacts.
- Sustainable and alternative oil production advancements may influence demand.
