In 2023, Italy led European production of oil-cake and other solid residues from vegetable fats and oils, with a value of €161.7 million, followed by Spain (€131.97 million) and Belgium (€93.362 million). Germany and Austria showed significant growth with 27.69% and 32.29% year-on-year increases, respectively. Italy experienced a remarkable 58.85% increase, indicating an upward trajectory in production. In contrast, Portugal and Hungary displayed negative growth, with declines of 18.33% and 14.82%, respectively. Over the past five years, the data suggests a variable CAGR reflective of differing national capabilities and market demands.
Looking towards the future, the European market for oil-cake and other solid residues is expected to exhibit a growth trend driven by increasing demand for biofuel and livestock feed. Italy may continue its dominant position if it maintains its production momentum, while countries like Austria and Germany could capture more market share through consistent growth. However, any fluctuations in agriculture and energy policy across Europe could affect production dynamics and market positioning.
Top countries in Sold Production of Oil-Cake and Other Solid Residues from Extraction of Vegetable Fats and Oils by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 161,700,000 | 2023 | +0.83% | +58.85% | View data |
| 2 | 2 Spain | 131,970,000 | 2023 | +6.81% | +0.51% | View data |
| 3 | 3 Belgium | 93,362,000 | 2023 | +1.49% | +5.03% | View data |
| 4 | 4 Greece | 17,267,000 | 2023 | +3.83% | +0.15% | View data |
| 5 | 5 Portugal | 10,523,000 | 2023 | -1.91% | -18.33% | View data |
| 6 | 6 France | 8,041,300 | 2023 | +8.56% | +13.45% | View data |
| 7 | 7 Austria | 7,521,900 | 2023 | +23.25% | +32.29% | View data |
| 8 | 8 Germany | 5,818,500 | 2023 | -5.16% | +27.69% | View data |
| 9 | 9 Poland | 5,161,200 | 2023 | +4.1% | +4.94% | View data |
| 10 | 10 Denmark | 2,107,900 | 2023 | -4.4% | +11.14% | View data |
