Forecast: Import of Soybean Oil to Germany

As of 2023, Germany's soybean oil imports stood at significantly higher levels compared to the forecasted future period. The forecasted data from 2024 to 2028 shows a consistent decline in the import value of soybean oil in Germany, beginning with 38.939 million USD in 2024 and decreasing steadily to 22.409 million USD by 2028.

The year-on-year percentage variation indicates a declining trend, with the most substantial drop anticipated towards the latter years of the forecast. Over this five-year period, the compound annual growth rate (CAGR) reflects a negative trajectory, pointing towards reduced dependency or possible shifts in market dynamics for soybean oil imports.

Future trends to watch for:

  • Potential shifts toward alternative oils or increased domestic production.
  • Impact of international trade policies and tariffs on import figures.
  • Sustainability initiatives and consumer preferences driving changes in import patterns.

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