From 2014 to 2023, the production of vegetable oils in the Netherlands showed fluctuation with significant yearly variations. Notably, there were declines observed in 2015 and 2016 by 13.52% and 5.88%, respectively. By 2017, a recovery occurred with an 8.17% rise, followed by an 11.99% increase in 2018. While there was a slight decrease in 2019, the production value managed moderate fluctuations from 2020 to 2023.
Throughout the last five years assessed, the compound annual growth rate (CAGR) displayed a modest decrease of -0.94% until 2023.
Fast forward to the forecasted years (2024-2028), projections suggest a relatively stable trend with a slight downturn, indicated by a forecasted 5-year CAGR of -0.09% and a cumulative growth rate of -0.44%.
Future trends to watch for include:
- Impact of sustainability practices in vegetable oil production
- Technological advancements that might enhance production efficiency
- Status of global demand and export scenarios
