In 2023, the import volume of rapeseed oil and mustard oil in Germany stood at an actual figure yet to be mentioned. Forecasts predict that import volumes will decline from 2024's 179 thousand metric tons to 156 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) decline over the five-year forecast period.
The year-on-year percentage variation indicates a consistent downward trend, with notable declines as follows: -3.35% from 2024 to 2025, -3.47% from 2025 to 2026, -2.99% from 2026 to 2027, and -3.70% from 2027 to 2028.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternatives to rapeseed and mustard oils.
- Impact of agricultural policies and trade regulations on import volumes.
- Technological advancements in oil extraction and processing that could influence local production.
- Environmental factors that could affect the global supply chain.