The import of sunflower or safflower oil and fractions to France is projected to increase steadily over the next five years, beginning in 2024 at 147.7 million kilograms and reaching 166.09 million kilograms by 2028. This indicates an upward trend with an average compounded annual growth rate (CAGR) that suggests moderate growth. In 2023, the actual import volume stood at approximately 143 million kilograms, marking a year-on-year increase of 3.28% in 2024. The consistent growth pattern highlights a stable demand for these commodities.
Future trends to watch for:
- Economic factors affecting global oil prices, potentially influencing import volumes.
- Policy changes related to trade and tariffs impacting France's import strategy.
- Trends in health and environmental awareness that might shift consumer preference towards sunflower or safflower oils.