EU: Refined Groundnut Oil Market 2025

Refined Groundnut Oil Market Size in the EU

In 2021, the EU refined groundnut oil market increased by 1.6% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Refined Groundnut Oil Production in the EU

In value terms, refined groundnut oil production stood at $X in 2021 estimated in export price. In general, production saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 64%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Refined Groundnut Oil Exports

Exports in the EU

In 2021, overseas shipments of refined groundnut oil increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a noticeable descent. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, refined groundnut oil exports surged to $X in 2021. In general, exports, however, saw a noticeable decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Italy (X tons), France (X tons), the Netherlands (X tons) and Germany (X tons) represented the main exporters of refined groundnut oil, together constituting 98% of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +19.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Belgium ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 78% share of total exports.

Among the main exporting countries, Italy, with a CAGR of +13.3%, saw the highest rates of growth with regard to 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 2021, the export price in the European Union amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 19% against the previous year. The level of export 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 origin: the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the other leaders experienced a decline in the export price figures.

Refined Groundnut Oil Imports

Imports in the EU

Refined groundnut oil imports rose sharply to X tons in 2021, with an increase of 14% on the previous year's figure. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 17%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, refined groundnut oil imports surged to $X in 2021. In general, imports, however, showed a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons), Germany (X tons) and France (X tons) was the largest importer of refined groundnut oil in the European Union, creating 69% of total import. It was distantly followed by Austria (X tons), Spain (X tons) and Belgium (X tons), together generating a 23% share of total imports. Luxembourg (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Austria (with a CAGR of +10.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together comprising 69% of total imports. These countries were followed by Austria, Spain, Belgium and Luxembourg, which together accounted for a further 23%.

Austria, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by 18% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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