Germany: Groundnut Oil Market Overview 2021

Groundnut Oil Market Size in Germany

After three years of growth, the German groundnut oil market decreased by -X% to $X in 2020. Overall, consumption recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Groundnut Oil Exports

Exports from Germany

After three years of decline, overseas shipments of groundnut oil increased by X% to X tonnes in 2020. Over the period under review, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2017 to 2020, the growth exports failed to regain the momentum.

In value terms, groundnut oil exports soared to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Austria (X tonnes), Italy (X tonnes) and Switzerland (X tonnes) were the main destinations of groundnut oil exports from Germany, together accounting for X% of total exports. These countries were followed by the Netherlands, the UK, Spain, the Czech Republic, Belgium, Poland and France, which together accounted for a further X 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 groundnut oil exported from Germany were Austria ($X), Italy ($X) and Switzerland ($X), with a combined X% share of total exports. These countries were followed by the Netherlands, the UK, Belgium, Poland, Spain, the Czech Republic and France, which together accounted for a further X UK recorded 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

The average groundnut oil export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, export price indicated a temperate expansion from 2007 to 2020: its price 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. Based on 2020 figures, groundnut oil export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to France ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Groundnut Oil Imports

Imports into Germany

In 2020, purchases abroad of groundnut oil decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, groundnut oil imports stood at $X in 2020. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), the U.S. (X tonnes) and France (X tonnes) were the main suppliers of groundnut oil imports to Germany, together accounting for X% of total imports. These countries were followed by Italy, the Netherlands, Austria and Argentina, which together accounted for a further X 2007 to 2020, the biggest increases were in Austria, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Belgium ($X) and France ($X) constituted the largest groundnut oil suppliers to Germany, together comprising X% of total imports. These countries were followed by Italy, the Netherlands, Austria and Argentina, which together accounted for a further X terms of the main suppliers, Italy saw the highest rates of growth with regard to 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 average groundnut oil import price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, import price indicated a perceptible expansion from 2007 to 2020: its price 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 pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Austria ($X per tonne) and the Netherlands ($X per tonne), while the price for Argentina ($X per tonne) and France ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform