Europe: Vegetable Oils Market 2024

Vegetable Oils Market Size in Europe

In 2022, the Europe vegetable oils market increased by X% to $X, rising for the fourth year in a row after six years of decline. Over the period under review, consumption continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Oils Production in Europe

In value terms, vegetable oils production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports in Europe

Vegetable oils exports reduced to X tons in 2022, with a decrease of X% on 2021. Over the period under review, exports saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable oils exports rose rapidly to $X in 2022. In general, exports recorded a slight downturn. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. Sweden (X tons) took the next position in the ranking, followed by Russia (X tons) and Spain (X tons). All these countries together took approx. X% share of total exports. The following exporters - Belgium (X tons), Portugal (X tons), Greece (X tons), Bulgaria (X tons), France (X tons), Denmark (X tons) and the UK (X tons) - together made up X% of total exports.

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

In value terms, the largest vegetable oils supplying countries in Europe were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports. Spain, Russia, Belgium, France, Greece, Portugal, Denmark, Bulgaria and the UK lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 France ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Vegetable Oils Imports

Imports in Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of vegetable fats and oils, when their volume decreased by X% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable oils imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), Denmark (X tons), Poland (X tons), Belgium (X tons), the Netherlands (X tons), Slovakia (X tons), Russia (X tons), France (X tons), the UK (X tons), Italy (X tons) and Bulgaria (X tons) represented the major importer of vegetable fats and oils in Europe, creating X% of total import.

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

In value terms, Germany ($X), Poland ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. France, Belgium, the Netherlands, the UK, Italy, Slovakia, Russia and Bulgaria lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 France ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform