The sunflower seed oil market in Germany has shown a consistent upward trend from 2014 to 2023, with the volume reaching 354.0 thousand metric tons in 2023. The market has demonstrated steady growth with a significant rise in 2017 and 2018, followed by more moderate increases in the subsequent years. From 2024 onwards, the market is expected to continue this growth trajectory, albeit at a slightly slower pace with a forecasted 5-year CAGR of 1.19% and an overall growth rate of 6.11% by 2028.
Key variations to note include:
- Year-on-year growth was highest in 2015 (7.94%) and 2017 (11.4%)
- The CAGR over the past 5 years leading up to 2023 was 1.17%
- The CAGR over the upcoming 5-year forecast period is predicted to be 1.19%
Future trends to watch for include potential changes in consumer preferences towards healthier oils, technological advancements in sunflower seed oil production, and possible disruptions due to global agricultural policies or climate change. These factors could influence both the supply and demand dynamics of the market.
