The forecasted volume of the sunflower oil market in Spain is set to increase steadily from 2024 to 2028. In 2023, the actual volume stood at an unidentified baseline as this has not been provided in the data. For 2024, the forecasted volume starts at 930.03 million kilograms. This is expected to grow to 952.19 million kilograms by 2025, marking a year-on-year increase of 2.38%. The upward trend continues with 974.14 million kilograms projected for 2026, showing a 2.31% rise from the previous year. In 2027, the volume is forecasted to reach 995.86 million kilograms, representing a 2.23% increase, and by 2028, the market is expected to grow by 2.16% to a total of 1,017.4 million kilograms. The Compound Annual Growth Rate (CAGR) over these five years is projected to be approximately 2.27% per annum.
Future trends to watch for include potential impacts of climatic changes on sunflower yield, shifts in consumer preferences towards healthier oils, and economic factors affecting export and import activities. Additionally, sustainability practices in agriculture and changes in EU agricultural policies could significantly influence the sunflower oil market.