In 2023, Germany's demand for vegetable oils stood at 4.48 million metric tons, continuing the trend of declining consumption observed since 2014. Despite a notable increase in 2015, subsequent years have experienced consistent declines. Over the last two years, the demand has decreased by an average of 1.37% annually. The most recent five-year period saw a compound annual growth rate (CAGR) of -1.14%, showcasing a steady reduction in consumption.
Looking forward to 2028, forecasts suggest the demand will further decrease to 4.15 million metric tons, with an anticipated five-year CAGR of -1.18%. This indicates a continuation of the declining trend, with a projected overall reduction of approximately 5.76% over the next five years.
Future trends to watch for include potential shifts towards more sustainable and locally sourced oils, changes in dietary preferences, and the impact of possible regulatory developments on vegetable oil consumption. These factors could influence the demand dynamics in Germany’s vegetable oil market.
