EU: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in the EU

The EU fats preparation machinery market surged to $X in 2022, with an increase of 576% against the previous year. Overall, consumption posted significant growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Fats Preparation Machinery Production in the EU

In value terms, fats preparation machinery production contracted to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +26.7% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 71% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Fats Preparation Machinery Exports

Exports in the EU

In 2022, approx. X units of machinery for the extraction or preparation of animal or fixed vegetable fats or oils were exported in the European Union; increasing by 51% compared with the previous year. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 53%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fats preparation machinery exports reached $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Spain (X units) represented the largest exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, making up 41% of total exports. It was distantly followed by Italy (X units), Belgium (X units), Germany (X units), Denmark (X units), the Czech Republic (X units) and Poland (X units), together committing a 48% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery exports from Spain stood at +42.7%. At the same time, Poland (+45.3%), the Czech Republic (+26.8%), Denmark (+19.5%), Italy (+10.4%), Belgium (+8.7%) and Germany (+5.6%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +45.3% from 2012-2022. While the share of Spain (+35 p.p.), Poland (+4.3 p.p.) and the Czech Republic (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-13.2 p.p.), Italy (-15.3 p.p.) and Germany (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest fats preparation machinery supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports. It was followed by Germany, with a 13% share.

In Italy, fats preparation machinery exports expanded at an average annual rate of +2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-3.1% per year) and Germany (-6.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, reducing by -26.8% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 a decrease of -2.9%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-7.1%), while the other leaders experienced a decline in the export price figures.

Fats Preparation Machinery Imports

Imports in the EU

In 2022, after two years of decline, there was decline in purchases abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, when their volume decreased by 0% to less than X units. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 11,524% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, fats preparation machinery imports expanded significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the one major importers of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, namely France, represented more than two-thirds of total import.

France experienced a relatively flat trend pattern with regard to volume of imports of machinery for the extraction or preparation of animal or fixed vegetable fats or oils. While the share of France (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in the European Union.

From 2015 to 2019, the average annual growth rate of value in France stood at +27.4%.

Import Prices by Country

In 2019, the import price in the European Union amounted to $X per unit, shrinking by -99% against the previous year. In general, the import price recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by 461% against the previous year. The level of import peaked at $X per unit in 2018, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2015 to 2019, the rate of growth in terms of prices for France amounted to 0.0% per year.

Source: IndexBox Platform

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