Germany: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Germany

In 2022, the German chemically modified oils market increased by 24% to $X, rising for the seventh year in a row after two years of decline. In general, consumption continues to indicate resilient growth. Chemically modified oils consumption peaked in 2022 and is likely to continue growth in the immediate term.

Chemically Modified Oils Production in Germany

In value terms, chemically modified oils production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +74.3% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Exports

Exports from Germany

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were exported from Germany; which is down by -15.5% compared with 2021 figures. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chemically modified oils exports expanded rapidly to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +75.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for chemically modified oils exports from Germany, with a 61% share of total exports. Moreover, chemically modified oils exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+20.6% per year) and Italy (+2.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Germany, comprising 54% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.5% share of total exports. It was followed by Italy, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+22.1% per year) and Italy (+4.7% per year).

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, increasing by 26% against the previous year. Overall, the export price saw perceptible growth. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Switzerland ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Germany

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified decreased by -4.1% to X tons, falling for the second consecutive year after three years of growth. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.6% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 52%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chemically modified oils imports surged to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest chemically modified oils supplier to Germany, with a 54% share of total imports. Moreover, chemically modified oils imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+33.1% per year) and Poland (+18.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Germany, comprising 56% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total imports. It was followed by Poland, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+38.2% per year) and Poland (+22.3% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, picking up by 30% against the previous year. In general, the import price showed moderate growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 33%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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