EU: Groundnuts Market 2024

Groundnuts Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU groundnuts market, when its value decreased by X% to $X. The market value 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 recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Groundnuts Production in the EU

In value terms, groundnuts production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Greece (X tons) remains the largest groundnuts producing country in the European Union, accounting for X% of total volume. Moreover, groundnuts production in Greece exceeded the figures recorded by the second-largest producer, Latvia (X tons), sevenfold. Bulgaria (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Greece totaled X%. In the other countries, the average annual rates were as follows: Latvia (X% per year) and Bulgaria (X% per year).

In 2022, the average groundnuts yield in the European Union fell to X tons per ha, with a decrease of X% on the previous year. Over the period under review, the yield showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the groundnuts yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The groundnuts harvested area was estimated at X ha in 2022, increasing by X% against the previous year's figure. In general, the harvested area enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to groundnuts production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Groundnuts Exports

Exports in the EU

In 2022, shipments abroad of ground-nut (in-shell) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, groundnuts exports declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of ground-nut (in-shell), namely Croatia, the Netherlands, Portugal and Germany, represented more than two-thirds of total export. It was distantly followed by Belgium (X tons), creating a X% share of total exports. Italy (X tons) and Greece (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Croatia ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Croatia, 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, declining by X% against the previous year. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Italy ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Groundnuts Imports

Imports in the EU

After two years of growth, supplies from abroad of ground-nut (in-shell) decreased 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 relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, groundnuts imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

The purchases of the three major importers of ground-nut (in-shell), namely Germany, Italy and Spain, represented more than two-thirds of total import. It was distantly followed by France (X tons), achieving a X% share of total imports. Portugal (X tons), the Netherlands (X tons), Slovakia (X tons), Croatia (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. France, Portugal, the Netherlands, Slovakia, Croatia and Poland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Croatia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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