Forecast: Oilseeds Demand in Spain

In 2023, Spain's oilseeds demand stood at 15.6 million metric tons. From 2024 onwards, the forecasted demand shows a steady increase. Specifically, from 2024 to 2028, demand is predicted to rise from 15.97 to 17.4 million metric tons. Year-on-year percentage variations are as follows: 2024 (+2.4%), 2025 (+2.25%), 2026 (+2.27%), 2027 (+2.10%), and 2028 (+2.05%). The average annual growth over this period, as indicated by the compound annual growth rate (CAGR), is approximately 2.21%.

Key future trends to watch for include:

- Potential impact of climate change on oilseed production.
- Evolving dietary habits influencing market demand.
- Policy changes related to biofuel blending mandates.
- Technological advancements in agriculture boosting yield efficiencies.