In 2023, Germany led the European oilseeds trade balance share with 40.83 thousand metric tons, showing a slight year-on-year growth of 0.51%. Italy exhibited significant growth at 6.94%, while Portugal and Austria saw modest increases of 1.29% and 1.33%, respectively. However, several countries experienced declines, most notably Sweden at -6.06% and Finland at -4.42%. Belgium and Denmark also faced contractions, showing -2.87% and -1.94%. Additionally, the United Kingdom, France, Poland, and several other countries showed either zero or negligible variations.
Regarding forecasted future trends in 2024, attention should be given to:
- The potential steady growth in dominant markets like Germany and Italy.
- The sustained increase in smaller markets such as Norway.
- Potential recoveries in markets that recently experienced declines, including Sweden and Finland.
- Possible market shifts stemming from geopolitical and economic factors impacting trade policies and agricultural productivity.
Top countries in Oilseeds Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.83 | 2023 | +1.9% | +0.51% | View data |
| 2 | 2 Netherlands | 17.94 | 2023 | -0.27% | -0.59% | View data |
| 3 | 3 Spain | 16.48 | 2023 | +0.76% | +0.84% | View data |
| 4 | 4 Italy | 10.86 | 2023 | +2.01% | +6.94% | View data |
| 5 | 5 Belgium | 9.53 | 2023 | +1.35% | -2.87% | View data |
| 6 | 6 Portugal | 7.1 | 2023 | +1.19% | +1.29% | View data |
| 7 | 7 United Kingdom | 4.49 | 2023 | +1.95% | View data | |
| 8 | 8 France | 3.45 | 2023 | +4.89% | View data | |
| 9 | 9 Norway | 1.89 | 2023 | +0.21% | +2.02% | View data |
| 10 | 10 Austria | 1.68 | 2023 | -1.02% | +1.33% | View data |