France: Peanut Butter Market 2023

Peanut Butter Market Size in France

In 2021, the French peanut butter market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Peanut Butter Production in France

In value terms, peanut butter production reached $X in 2021 estimated in export price. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Peanut Butter Exports

Exports from France

In 2021, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -5.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 93%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports reduced to $X in 2021. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for peanut butter exports from France, with a 45% share of total exports. Moreover, peanut butter exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+17.1% per year) and the UK (+68.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for peanut butter and prepared or preserved groundnuts exports from France, comprising 36% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+17.4% per year) and the UK (+64.1% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2021, reducing by -5.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into France

In 2021, imports of peanut butter and prepared or preserved groundnuts into France skyrocketed to X tons, growing by 16% compared with 2020 figures. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 17%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, peanut butter imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of peanut butter to France, with a 65% share of total imports. Moreover, peanut butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Argentina (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.9% per year) and Argentina (-12.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to France, comprising 63% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+19.6% per year) and Germany (+19.5% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2021, waning by -6.2% against the previous year. Overall, the import price saw a noticeable downturn. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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