In 2023, Germany's oilseeds production stood at 3.11 billion euros. Based on forecasts, this value is projected to rise steadily over the next five years: 3.14 billion euros in 2024, 3.17 billion euros in 2025, 3.2 billion euros in 2026, 3.23 billion euros in 2027, and 3.26 billion euros in 2028.
The year-on-year percentage changes reflect a consistent growth trend: 0.97% from 2023 to 2024, 0.96% from 2024 to 2025, 0.95% from 2025 to 2026, 0.94% from 2026 to 2027, and 0.93% from 2027 to 2028. This indicates an average compound annual growth rate (CAGR) of approximately 0.95% over the five-year period.
Looking forward, several trends could impact future oilseeds production in Germany:
- Climate change and its effects on agricultural yields.
- Developments in agricultural technology and productivity.
- Potential shifts in government policies and subsidies affecting the agricultural sector.
- Changes in global demand and prices for oilseeds.