France: Vegetable Oils Market 2024

Vegetable Oils Market Size in France

The French vegetable oils market rose significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced contraction. Vegetable oils consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Vegetable Oils Production in France

In value terms, vegetable oils production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Vegetable Oils Exports

Exports from France

In 2022, overseas shipments of vegetable fats and oils increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports continue to indicate a slight expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable oils exports rose sharply to $X in 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of vegetable oils exports from France, together accounting for X% of total exports. Germany, Portugal, the United States, Algeria, Turkey, Poland, Switzerland, the UK, Morocco and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable oils exported from France were Italy ($X), Spain ($X) and South Korea ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vegetable oils export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a perceptible increase 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 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into France

In 2022, purchases abroad of vegetable fats and oils increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable oils imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of vegetable oils imports to France, with a combined X% share of total imports. Germany, Italy, Malaysia, Portugal, the UK and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable oils suppliers to France were Germany ($X), Spain ($X) and the Netherlands ($X), together accounting for X% of total imports. Belgium, Malaysia, Portugal, Italy, the UK and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable oils import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a moderate expansion 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 import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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