The forecasted demand for rapeseed oil and mustard oil in Germany shows a noticeable decreasing trend from 2024 to 2028. In 2023, the demand stood at 2.30 million metric tons. With the current forecasts for 2024 to 2028, the year-on-year variations suggest a decline in consumption, with an approximate average decrease of 1.5% per year. Specifically, the demand is predicted to decrease by around 2% from 2024 to 2025, 1.8% from 2025 to 2026, 1.4% from 2026 to 2027, and 1.4% from 2027 to 2028.
Given this trend, the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be around -1.6%, indicating a steady decline in the usage of these oils.
Future trends to watch for include shifts in consumer preferences towards healthier oils, advancements in oil production technology, potential policy changes affecting agricultural outputs, and the impact of environmental sustainability practices. Monitoring these factors will be crucial in understanding any potential deviations from the predicted downtrend.
