The market size for oil-cake resulting from the extraction of soya-bean oil in Portugal stood at 293.76 million euros in 2023, maintaining a declining trajectory over the past decade. Notably, it recorded a year-on-year decrease of 0.5% in both 2022 and 2023. From 2018 to 2023, the compound annual growth rate was negative, reflecting an average annual decrease of 1.21%. This downturn from 2013 onwards underscores a consistent reduction in market value, especially pronounced from 2015 to 2019.
Future market trends to watch for include:
- Potential recovery driven by shifts toward sustainable and plant-based products.
- Global market conditions influencing soya bean supply and prices.
- Technological advancements in oil extraction that could impact production efficiency and costs.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,433,600,000 | 2023 | -0.9% | -0.098% | View data |
| 2 | 2 Italy | 1,118,700,000 | 2023 | -1.97% | -2.03% | View data |
| 3 | 3 United Kingdom | 1,051,100,000 | 2023 | -0.21% | -0.042% | View data |
| 4 | 4 Spain | 1,047,300,000 | 2023 | -1.11% | +1.62% | View data |
| 5 | 5 Denmark | 912,720,000 | 2023 | +1.25% | +1.37% | View data |
| 6 | 6 Belgium | 307,430,000 | 2023 | -3.01% | +0.041% | View data |
| 7 | 7 Portugal | 293,760,000 | 2023 | -0.5% | -1.21% | |
| 8 | 8 Romania | 173,550,000 | 2023 | +0.12% | -1.48% | View data |
| 9 | 9 Greece | 156,590,000 | 2023 | +0.14% | -0.38% | View data |
