Germany: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Germany

In 2020, the German peanut butter market increased by X% to $X, rising for the fifth year in a row after three years of decline. 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 was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Peanut Butter Production in Germany

In value terms, peanut butter production declined to $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Peanut Butter Exports

Exports from Germany

In 2020, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, peanut butter exports stood at $X in 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

Austria (X tonnes), Switzerland (X tonnes) and the Netherlands (X tonnes) were the main destinations of peanut butter exports from Germany, together accounting for X% of total exports. Italy, France, Spain, Sweden, Portugal, Belgium, Poland, Romania, Hungary and Slovenia lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Switzerland ($X) and the Netherlands ($X) constituted the largest markets for peanut butter exported from Germany worldwide, together comprising X% of total exports. These countries were followed by Italy, France, Spain, Portugal, Sweden, Poland, Belgium, Romania, Slovenia and Hungary, which together accounted for a further X recorded the highest rates of growth with regard to 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 tonne in 2020, with an increase of 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 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to France ($X per tonne) and Poland ($X per tonne), while the average price for exports to Hungary ($X per tonne) and Belgium ($X per tonne) were 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.

Peanut Butter Imports

Imports into Germany

In 2020, peanut butter imports into Germany expanded markedly to X tonnes, growing by X% against the previous year. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, peanut butter imports surged to $X in 2020. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

The Netherlands (X tonnes), Luxembourg (X tonnes) and Argentina (X tonnes) were the main suppliers of peanut butter imports to Germany, together comprising X% of total imports. Poland, Egypt, Italy, Turkey, France, India, Canada and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in France (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter suppliers to Germany were the Netherlands ($X), Luxembourg ($X) and Poland ($X), with a combined X% share of total imports. Argentina, Italy, Egypt, Turkey, France, Canada, the U.S. and India lagged somewhat behind, together accounting for a further X the main suppliers, France (+X% per year) saw the highest growth rate of 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

In 2020, the average peanut butter import price amounted to $X per tonne, growing 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 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, 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 (974K tonnes) constituted the country with the largest volume of peanut butter consumption, comprising approx. 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. The third position in this ranking was occupied by India (350K tonnes), 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) constituted the country with the largest volume of peanut butter production, accounting for 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. The third position in this ranking was occupied by India (397K tonnes), with a 7.6% share.

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

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In value terms, the Netherlands ($36M), Luxembourg ($27M) and Poland ($9.5M) were the largest peanut butter suppliers to Germany, with a combined 60% share of total imports. These countries were followed by Argentina, Italy, Egypt, Turkey, France, Canada, the U.S. and India, which together accounted for a further 29%.

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

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In value terms, Austria ($17M), Switzerland ($9.8M) and the Netherlands ($8.4M) were the largest markets for peanut butter exported from Germany worldwide, with a combined 43% share of total exports. Italy, France, Spain, Portugal, Sweden, Poland, Belgium, Romania, Slovenia and Hungary lagged somewhat behind, together comprising a further 39%.

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

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The average peanut butter export price stood at $3,203 per tonne in 2020, increasing by 5.6% against the previous year.

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

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In 2020, the average peanut butter import price amounted to $2,819 per tonne, surging by 5.7% against the previous year.