EU: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in the EU

In 2022, the EU margarine and shortening market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Margarine And Shortening Production in the EU

In value terms, margarine and shortening production totaled $X in 2022 estimated in export price. Overall, production saw a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Margarine And Shortening Exports

Exports in the EU

In 2022, the amount of margarine and shortening exported in the European Union stood at X tons, approximately mirroring 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, margarine and shortening exports surged to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), the Netherlands (X tons), Germany (X tons), Poland (X tons), Sweden (X tons) and Spain (X tons) was the largest exporter of margarine and shortening in the European Union, generating X% of total export. Italy (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Sweden, Poland, Spain and Italy lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Spain, with a CAGR of X%, recorded 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, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Poland ($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.

Margarine And Shortening Imports

Imports in the EU

In 2022, imports of margarine and shortening in the European Union expanded slightly to X tons, picking up by X% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, margarine and shortening imports soared 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of margarine and shortening, namely France, the Netherlands and Germany, represented more than third of total import. Poland (X tons) took the next position in the ranking, followed by Hungary (X tons) and Ireland (X tons). All these countries together took approx. X% share of total imports. Spain (X tons), the Czech Republic (X tons), Belgium (X tons), Sweden (X tons), Italy (X tons), Portugal (X tons) and Austria (X tons) took a little share of total imports.

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

In value terms, the largest margarine and shortening importing markets in the European Union were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Poland, Ireland, Spain, Belgium, the Czech Republic, Sweden, Hungary, Italy, Austria and Portugal lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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