Europe: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Europe

The Europe fats preparation machinery market surged to $X in 2022, rising by 489% against the previous year. In general, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fats Preparation Machinery Production in Europe

In value terms, fats preparation machinery production reached $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 60%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Europe

For the fourth consecutive year, Europe recorded growth in overseas shipments of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, which increased by 47% to X units in 2022. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 51%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, fats preparation machinery exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 24%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain represented the largest exporting country with an export of around X units, which reached 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 Europe, 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 (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-10.1 p.p.), Italy (-11.1 p.p.) and Germany (-13.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest fats preparation machinery supplier in Europe, comprising 37% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports. It was followed by Germany, with a 13% share.

In Italy, fats preparation machinery exports increased 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

In 2022, the export price in Europe amounted to $X per unit, reducing by -27.5% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price decreased by -0.7% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Europe

In 2022, fats preparation machinery imports in Europe surged to X units, growing by 37% compared with the year before. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 3,610% 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 somewhat lower figure.

In value terms, fats preparation machinery imports shrank to $X in 2022. Over the period under review, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2019 when imports increased by 61% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units) and Belarus (X units) represented the main importers of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in 2022, resulting at approx. 40% and 31% of total imports, respectively. Russia (X units) held the next position in the ranking, followed by the UK (X units) and Iceland (X units). All these countries together took approx. 21% share of total imports. Serbia (X units) and Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Switzerland (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Europe, comprising 26% of total imports. The second position in the ranking was taken by the UK ($X), with a 2.3% share of total imports. It was followed by Switzerland, with a 2% share.

In Russia, fats preparation machinery imports contracted by an average annual rate of -5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (-17.4% per year) and Switzerland (+20.0% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, which is down by -28.5% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 3,087% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Russia ($X per unit), while Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+18.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform