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EU - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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EU: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in the EU

The EU refined groundnut oil market expanded rapidly to $X in 2020, surging by X% against the previous year. Overall, consumption continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The level of consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Refined Groundnut Oil Production in the EU

In value terms, refined groundnut oil production amounted to $X in 2020 estimated in export prices. In general, production continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in the EU

The country with the largest volume of refined groundnut oil production was Italy (X tonnes), comprising approx. X% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Belgium (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Italy totaled +X%. In the other countries, the average annual rates were as follows: Belgium (+X% per year) and France (+X% per year).

Refined Groundnut Oil Exports

Exports in the EU

Refined groundnut oil exports fell to X tonnes in 2020, dropping by -X% compared with the year before. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, refined groundnut oil exports expanded markedly to $X in 2020. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. The level of export peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Belgium (X tonnes) represented the major exporter of refined groundnut oil, achieving X% of total exports. France (X tonnes) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), Italy (X%) and Germany (X%).

From 2007 to 2020, average annual rates of growth with regard to refined groundnut oil exports from Belgium stood at -X%. At the same time, the Netherlands (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, Germany (-X%) and 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 exports, while France and Belgium saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest refined groundnut oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Belgium, refined groundnut oil exports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2020, the refined groundnut oil export price in the European Union amounted to $X per tonne, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports in the EU

In 2020, overseas purchases of refined groundnut oil decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, refined groundnut oil imports skyrocketed to $X in 2020. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

The Netherlands was the largest importing country with an import of about X tonnes, which accounted for X% of total imports. Germany (X tonnes) ranks second in terms of the total imports with a X% share, followed by France (X%), Belgium (X%) and Austria (X%). The following importers - Italy (X tonnes) and Spain (X tonnes) - together made up X% of total imports.

The Netherlands was also the fastest-growing in terms of the refined groundnut oil imports, with a CAGR of +X% from 2007 to 2020. Germany (-X%), Austria (-X%), Spain (-X%), France (-X%), Italy (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of the Netherlands (+X p.p.) and Germany (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Italy (-X p.p.), Belgium (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in the Netherlands totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (-X% per year).

Import Prices by Country

In 2020, the refined groundnut oil import price in the European Union amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Austria ($X per tonne) and Spain ($X per tonne), while Belgium ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the the EU?
+
The country with the largest volume of refined groundnut oil consumption was Italy (38K tonnes), comprising approx. 62% of total volume. Moreover, refined groundnut oil consumption in Italy exceeded the figures recorded by the second-largest consumer, Belgium (11K tonnes), fourfold. France (5.8K tonnes) ranked third in terms of total consumption with a 9.5% share.
What are the largest producers of refined groundnut oil in the the EU?
+
The country with the largest volume of refined groundnut oil production was Italy (39K tonnes), accounting for 61% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Belgium (17K tonnes), twofold.
What are the leading exporters of refined groundnut oil in the the EU?
+
In value terms, Belgium ($16M) remains the largest refined groundnut oil supplier in the European Union, comprising 44% of total exports. The second position in the ranking was occupied by France ($6.5M), with a 18% share of total exports. It was followed by the Netherlands, with a 14% share.
What are the leading importers of refined groundnut oil in the the EU?
+
In value terms, the Netherlands ($14M) constitutes the largest market for imported refined groundnut oil in the European Union, comprising 48% of total imports. The second position in the ranking was occupied by Germany ($4.6M), with a 16% share of total imports. It was followed by France, with a 13% share.
What is the average export price for refined groundnut oil in the the EU?
+
In 2020, the refined groundnut oil export price in the European Union amounted to $2,178 per tonne, rising by 25% against the previous year.
What is the average import price for refined groundnut oil in the the EU?
+
In 2020, the refined groundnut oil import price in the European Union amounted to $2,124 per tonne, picking up by 23% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined groundnut oil 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.



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 2007–2020
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 2007–2020
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
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
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, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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