The Oil-Cake from Extraction of Vegetable Fats and Oils Market in Belgium experienced a steady decline from 2013 to 2023, closing at a market size of 73.401 million Euros. Year-on-year declines ranged from 0.34% to 17.32%, reflecting a sustained downtrend. From 2019 to 2023, the market fluctuated with slight recoveries but ended with a -1.69% year-on-year contraction in 2023. The Compound Annual Growth Rate (CAGR) over the past five years averaged at -0.58%, highlighting a moderate but consistent decrease.
Future trends to watch for include:
- Technological advancements in oil extraction processes.
- Shifts in dietary trends influencing demand for vegetable oils.
- Environmental policies impacting the production ecosystem.
- Potential economic impacts due to geopolitical factors affecting trade agreements in the region.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 217,110,000 | 2023 | +1.95% | +0.89% | View data |
| 2 | 2 Belgium | 73,401,000 | 2023 | -1.69% | -0.58% | |
| 3 | 3 France | 72,128,000 | 2023 | -1.29% | -1.39% | View data |
| 4 | 4 Slovenia | 1,841,600 | 2023 | +6.56% | +1.67% | View data |
| 5 | 5 Croatia | 333,000 | 2023 | +0.42% | +1.27% | View data |
