EU: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in the EU

The EU crude groundnut oil market rose sharply to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Crude Groundnut Oil Production in the EU

In value terms, crude groundnut oil production soared to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Crude Groundnut Oil Exports

Exports in the EU

In 2022, approx. X tons of crude groundnut oil were exported in the European Union; waning by X% on 2021 figures. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, crude groundnut oil exports shrank remarkably to $X in 2022. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the major exporter of crude groundnut oil in the European Union, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. France (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Spain (X%) and Bulgaria (X%). Italy (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crude groundnut oil exports from the Netherlands stood at X%. At the same time, Bulgaria (X%), Spain (X%), Denmark (X%), Germany (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands (X p.p.), Bulgaria (X p.p.), Spain (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while Italy and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crude groundnut oil supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports. Bulgaria, Spain, Denmark and Italy lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Crude Groundnut Oil Imports

Imports in the EU

After three years of decline, purchases abroad of crude groundnut oil increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, crude groundnut oil imports amounted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) was the largest importer of crude groundnut oil, achieving X% of total imports. It was distantly followed by the Netherlands (X tons), Belgium (X tons) and France (X tons), together mixing up a X% share of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium and France saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Italy ($X) constitutes the largest market for imported crude groundnut oil in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a slight descent. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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