France: Peanut Butter Market Overview 2021

Peanut Butter Market Size in France

The French peanut butter market fell to $X in 2020, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Peanut butter consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Peanut Butter Production in France

In value terms, peanut butter production declined rapidly to $X in 2020 estimated in export prices. In general, production saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

Peanut Butter Exports

Exports from France

After two years of growth, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes in 2020. In general, exports, however, showed a moderate increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2019, and then declined significantly in the following year.

In value terms, peanut butter exports declined remarkably to $X in 2020. Over the period under review, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then dropped rapidly in the following year.

Exports by Country

Germany (X tonnes), the UK (X tonnes) and the Netherlands (X tonnes) were the main destinations of peanut butter exports from France, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the UK, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peanut butter exported from France were the UK ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports.

The UK saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average peanut butter export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into France

Peanut butter imports into France reached X tonnes in 2020, rising by X% against the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, peanut butter imports rose to $X in 2020. Over the period under review, total imports indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest peanut butter supplier to France, accounting for a X% share of total imports. Moreover, peanut butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), fivefold. Argentina (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Argentina (-X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of peanut butter to France, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2020, the average peanut butter import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Argentina ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?

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China (972K tonnes) remains the largest peanut butter consuming country worldwide, accounting for 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), twofold. India (349K tonnes) ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?

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China (1.2M tonnes) remains the largest peanut butter producing country worldwide, accounting for 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (417K tonnes), threefold. India (397K tonnes) ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts to France?

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In value terms, the Netherlands ($85M) constituted the largest supplier of peanut butter to France, comprising 64% of total imports. The second position in the ranking was occupied by Belgium ($22M), with a 16% share of total imports. It was followed by Germany, with a 6.6% share.

What are the leading importers of peanut butter and prepared or preserved groundnuts from France?

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In value terms, the UK ($4.1M), Germany ($3.4M) and Belgium ($1.2M) were the largest markets for peanut butter exported from France worldwide, with a combined 71% share of total exports.

What is the average export price for peanut butter and prepared or preserved groundnuts in France?

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In 2020, the average peanut butter export price amounted to $3,590 per tonne, increasing by 8.2% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in France?

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The average peanut butter import price stood at $2,220 per tonne in 2020, declining by -10% against the previous year.