Germany: Peanut Butter Market 2022

Peanut Butter Market Size in Germany

The German peanut butter market dropped to $X in 2021, declining by -X% against the previous year. In general, consumption recorded a mild decrease. Peanut butter consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Peanut Butter Production in Germany

In value terms, peanut butter production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peanut Butter Exports

Exports from Germany

Peanut butter exports from Germany fell to X tons in 2021, shrinking by -X% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, peanut butter exports rose slightly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons), Switzerland (X tons) and the Netherlands (X tons) were the main destinations of peanut butter exports from Germany, with a combined X% share of total exports. These countries were followed by Italy, France, Spain, Poland, Sweden, Portugal, Belgium, Romania, Hungary and the Czech Republic, which together accounted for a further X 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peanut butter exported from Germany were Austria ($X), Switzerland ($X) and France ($X), with a combined X% share of total exports. The Netherlands, Italy, Poland, Spain, Sweden, Portugal, Belgium, Romania, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among 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 peanut butter export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Germany

In 2021, approx. X tons of peanut butter and prepared or preserved groundnuts were imported into Germany; dropping by -X% compared with the year before. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, peanut butter imports reduced to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

The Netherlands (X tons), Luxembourg (X tons) and Poland (X tons) were the main suppliers of peanut butter imports to Germany, together comprising X% of total imports. Italy, Belgium, Romania, Slovakia, India, France and Bulgaria lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Luxembourg ($X) and Poland ($X) were the largest peanut butter suppliers to Germany, together comprising X% of total imports. Italy, Belgium, Romania, Slovakia, France, India and Bulgaria lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average peanut butter import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and Luxembourg ($X per ton), while the price for India ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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