EU: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in the EU

In 2022, the EU margarine and shortening market increased by 23% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Margarine And Shortening Production in the EU

In value terms, margarine and shortening production amounted to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of 5.4%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Margarine And Shortening Exports

Exports in the EU

Margarine and shortening exports declined modestly to X tons in 2022, leveling off at the year before. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7.3%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X tons), the Netherlands (X tons), Germany (X tons), Poland (X tons), Sweden (X tons) and Spain (X tons) represented roughly 83% of total exports in 2022. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +8.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 56% of total exports. Sweden, Poland, Spain and Italy lagged somewhat behind, together accounting for a further 30%.

In terms of the main exporting countries, Spain, with a CAGR of +10.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the other leaders experienced more modest paces of growth.

Margarine And Shortening Imports

Imports in the EU

Margarine and shortening imports expanded notably to X tons in 2022, picking up by 8.6% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, margarine and shortening imports soared to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) represented roughly 43% of total imports in 2022. Poland (X tons) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (4.9%), Spain (4.7%) and Ireland (4.6%). The following importers - the Czech Republic (X tons), Sweden (X tons), Italy (X tons), Belgium (X tons), Portugal (X tons) and Austria (X tons) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +8.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together comprising 44% of total imports. Poland, Ireland, Spain, the Czech Republic, Sweden, Italy, Hungary, Belgium, Portugal and Austria lagged somewhat behind, together comprising a further 43%.

Ireland, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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