From 2013 to 2023, Romania's sunflower oil market showed a moderate upward trend in volume, reaching 265.43 million kilograms in 2023. Early growth years saw significant increases, peaking in 2014, followed by stabilization, minor fluctuations, and consistent though slower growth post-2017. Year-on-year growth was relatively modest over the last two years, with annual increases below 1%. The compound annual growth rate (CAGR) over the past five years was minimal at around 0.41%, highlighting a mature and stable market.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative oils influenced by health trends.
- Impact of geopolitical events on agricultural production and supply chains.
- Technological advancements in agriculture that could enhance yield and efficiency.
How does Romania rank in Sunflower Oil Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 907,630,000 | 2023 | +2.56% | +0.73% | View data |
| 2 | 2 Italy | 793,420,000 | 2023 | +5.2% | +6.03% | View data |
| 3 | 3 Germany | 369,080,000 | 2023 | +2.94% | +2.56% | View data |
| 4 | 4 Romania | 265,430,000 | 2023 | +0.63% | +0.41% | |
| 5 | 5 Bulgaria | 77,198,000 | 2023 | +0.7% | +0.76% | View data |
| 6 | 6 Denmark | 10,830,000 | 2023 | -0.14% | -0.17% | View data |
