Between 2010 and 2020, the price per unit of oil-cake of vegetable fats or oils in Spain showed fluctuations, declining to a low in 2013 before steadily rising again. The average compound annual growth rate (CAGR) over the last five years indicates a moderate upward trend, reflecting key shifts in supply chain efficiencies and market demand. Year-on-year variations reflected both economic conditions and agricultural outputs, causing temporary declines or rebounds.
Looking ahead to 2024 and beyond, key trends to monitor include:
- Impact of climate change and agricultural innovations on production yield.
- Global trade policies influencing oil-cake import and export dynamics.
- Emerging dietary trends and their effect on plant-based oil consumption.
