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EU - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Sep 21, 2020

The European Peanut Butter Market Dropped to $1.4B, Losing Previous Growth Momentum

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IndexBox has just published a new report: 'EU - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

In 2019, the EU peanut butter market decreased by -6.8% to $1.4B, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 11% against the previous year. As a result, consumption attained the peak level of $1.5B. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Consumption by Country

The countries with the highest volumes of peanut butter consumption in 2019 were the UK (103K tonnes), Germany (92K tonnes) and France (72K tonnes), with a combined 55% share of total consumption. Poland, Spain, the Netherlands, Belgium, Portugal, Bulgaria, Sweden, Denmark and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From 2013 to 2019, the most notable rate of growth in terms of peanut butter consumption, amongst the main consuming countries, was attained by Denmark, while peanut butter consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter markets in the European Union were the UK ($395M), Germany ($252M) and France ($177M), with a combined 60% share of the total market. Spain, Poland, the Netherlands, Bulgaria, Belgium, Sweden, Denmark, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further 27%.

The countries with the highest levels of peanut butter per capita consumption in 2019 were Denmark (1.76 kg per person), Bulgaria (1.65 kg per person) and the UK (1.53 kg per person).

Production in the EU

In 2019, after four years of growth, there was a decline in the production of peanut butter and prepared or preserved groundnuts, when its volume decreased by -1.5% to 451K tonnes. The total output volume increased at an average annual rate of +3.2% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 

Production by Country

The countries with the highest volumes of peanut butter production in 2019 were the Netherlands (101K tonnes), Germany (79K tonnes) and the UK (66K tonnes), with a combined 54% share of total production. Poland, Spain, France, Belgium, Italy, Portugal, Hungary, Luxembourg and Bulgaria lagged somewhat behind, together accounting for a further 40%.

From 2013 to 2019, the biggest increases were in Luxembourg, while peanut butter production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, purchases abroad of peanut butter and prepared or preserved groundnuts decreased by -10.6% to 256K tonnes, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of imports peaked at 318K tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure. In value terms, peanut butter imports shrank to $688M (IndexBox estimates) in 2019. 

Imports by Country

In 2019, France (52K tonnes), the UK (50K tonnes) and Germany (39K tonnes) was the largest importer of peanut butter and prepared or preserved groundnuts in the European Union, comprising 55% of total import. It was distantly followed by the Netherlands (12K tonnes) and Sweden (12K tonnes), together achieving a 9.4% share of total imports. Austria (10K tonnes), Poland (9.4K tonnes), the Czech Republic (8.8K tonnes), Belgium (8.4K tonnes), Romania (6.5K tonnes), Spain (6.3K tonnes) and Ireland (5.5K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($129M), the UK ($117M) and Germany ($102M) were the countries with the highest levels of imports in 2019, together comprising 51% of total imports. These countries were followed by the Netherlands, Sweden, Austria, Poland, Belgium, the Czech Republic, Spain, Ireland and Romania, which together accounted for a further 33%.

Import Prices by Country

The peanut butter import price in the European Union stood at $2,684 per tonne in 2019, with an increase of 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10% against the previous year.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in the Netherlands ($3,252 per tonne) and Ireland ($3,184 per tonne), while the Czech Republic ($2,283 per tonne) and the UK ($2,350 per tonne) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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