Denmark's soybean oil production in 2023 was recorded at 1.03 thousand metric tons. The forecast for 2024 shows a production increase to 1.09 thousand metric tons, reflecting a year-on-year growth of approximately 5.83%. Continuing this upward trend, 2025 is expected to see a 5.5% rise to 1.15 thousand metric tons. The production is further projected to grow by 4.35% in 2026, reaching 1.2 thousand metric tons. A 5% increase in 2027 would bring production to 1.26 thousand metric tons, followed by a 3.97% rise to 1.31 thousand metric tons in 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 4.98%.
Future trends to watch for include developments in sustainable agricultural practices, fluctuations in global soybean markets, and potential innovations in oil extraction technology. Monitoring economic and environmental policies will also be crucial as they may significantly impact production levels and cost structures.
