EU: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in the EU

In 2022, the EU chemically modified oils market increased by 58% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Production in the EU

In value terms, chemically modified oils production soared to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Exports

Exports in the EU

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were exported in the European Union; increasing by 8.7% on 2021 figures. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 28%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, chemically modified oils exports surged to $X in 2022. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The Netherlands represented the key exporter of animal or vegetable fats and oils chemically modified in the European Union, with the volume of exports accounting for X tons, which was near 47% of total exports in 2022. It was distantly followed by Spain (X tons), Germany (X tons), Poland (X tons), Italy (X tons) and Belgium (X tons), together creating a 42% share of total exports. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chemically modified oils exports from the Netherlands stood at +10.1%. At the same time, Spain (+42.6%), Poland (+20.4%), Italy (+13.4%), Belgium (+9.3%) and Germany (+1.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +42.6% from 2012-2022. Austria experienced a relatively flat trend pattern. Spain (+12 p.p.), Poland (+4.6 p.p.) and Italy (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Austria and Germany saw its share reduced by -3.1% and -9.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest chemically modified oils supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +13.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+51.1% per year) and Germany (+4.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by 24% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils export price increased by +89.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and Spain ($X per ton), while Austria ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the other leaders experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports in the EU

For the eleventh year in a row, the European Union recorded growth in purchases abroad of animal or vegetable fats and oils chemically modified, which increased by 25% to X tons in 2022. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, chemically modified oils imports surged to $X in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of animal or vegetable fats and oils chemically modified, mixing up 40% of total imports. Spain (X tons) held the second position in the ranking, followed by Germany (X tons) and Finland (X tons). All these countries together held approx. 33% share of total imports. Sweden (X tons), Belgium (X tons), Portugal (X tons), France (X tons), Austria (X tons), Bulgaria (X tons), Italy (X tons) and the Czech Republic (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chemically modified oils imports into the Netherlands stood at +15.9%. At the same time, Finland (+59.7%), Bulgaria (+47.5%), Portugal (+47.0%), Sweden (+38.8%), France (+30.0%), Spain (+28.7%), the Czech Republic (+22.1%), Belgium (+14.9%), Austria (+9.0%), Italy (+8.4%) and Germany (+6.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +59.7% from 2012-2022. While the share of Spain (+9.5 p.p.), Finland (+7.1 p.p.), Sweden (+3 p.p.), Portugal (+2.8 p.p.), Bulgaria (+2.1 p.p.) and France (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-2.3 p.p.), the Netherlands (-2.3 p.p.), Austria (-2.5 p.p.) and Germany (-15.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified in the European Union, comprising 35% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports. It was followed by Germany, with an 11% share.

In the Netherlands, chemically modified oils imports expanded at an average annual rate of +19.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+35.0% per year) and Germany (+10.8% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 22% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +98.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 41% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Bulgaria ($X per ton), while Sweden ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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