The palm oil market size in Germany has shown a notable declining trend, with the volume decreasing from 762.62 million kilograms in 2012 to 544.31 million kilograms in 2022. Year-on-year variations highlight significant fluctuations, with sharp declines such as -10.23% in 2015 and -9.3% in 2018, as well as small upticks like 7.57% in 2016 and 8.68% in 2019. Over the last two years, the year-on-year variations were -2.82% in 2021 and -2.07% in 2022. The five-year compound annual growth rate (CAGR) from 2017 to 2022 stands at -1.71%, indicating a consistent downward trend.
Future trends to watch for include increased regulation and sustainability standards, which could further impact demand. Additionally, consumer preferences are shifting towards more sustainable and healthier alternatives, potentially accelerating the downward trend in palm oil consumption. Monitoring technological advancements in alternative oils and fats will also be crucial for predicting significant market changes.
How does Germany rank in Palm Oil Market Size Volume?
# | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Netherlands | 740,180,000 | 2023 | -0.025% | -0.8% | View data |
2 | 2 United Kingdom | 663,350,000 | 2023 | +2.72% | +2% | View data |
3 | 3 Belgium | 563,500,000 | 2023 | +0.72% | +3.39% | View data |
4 | 4 Germany | 477,840,000 | 2023 | -4.48% | -2.35% | |
5 | 5 Sweden | 198,380,000 | 2023 | +4.07% | +4.92% | View data |
6 | 6 Denmark | 197,320,000 | 2023 | +5.8% | -0.45% | View data |