Germany: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Germany

In 2022, the German margarine and shortening market increased by 6.7% to $X, rising for the second consecutive year after six years of decline. In general, consumption recorded a relatively flat trend pattern. Margarine and shortening consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Margarine And Shortening Production in Germany

In value terms, margarine and shortening production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a slight slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 40% against the previous year. Margarine and shortening production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from Germany

In 2022, approx. X tons of margarine and shortening were exported from Germany; remaining stable against 2021 figures. Overall, exports, however, showed a modest increase. The pace of growth was the most pronounced in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, margarine and shortening exports soared to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +110.9% against 2015 indices. The pace of growth was the most pronounced in 2017 when exports increased by 23%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for margarine and shortening exports from Germany, accounting for a 30% share of total exports. Moreover, margarine and shortening exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-2.8% per year) and the UK (+13.3% per year).

In value terms, the Netherlands ($X), Poland ($X) and France ($X) constituted the largest markets for margarine and shortening exported from Germany worldwide, together accounting for 47% of total exports. The UK, Belgium, Austria, Italy, the Czech Republic, Denmark, Hungary, Sweden, Spain and Slovakia lagged somewhat behind, together accounting for a further 37%.

The UK, with a CAGR of +13.6%, recorded the highest growth rate of the value of exports, in terms of 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 margarine and shortening export price amounted to $X per ton, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and France ($X per ton), while the average price for exports to Hungary ($X per ton) and the UK ($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 the Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Germany

Margarine and shortening imports into Germany reduced to X tons in 2022, shrinking by -5.6% on the previous year. Over the period under review, imports showed a slight decline. The pace of growth was the most pronounced in 2018 when imports increased by 10%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of margarine and shortening imports to Germany, with a combined 81% share of total imports. Sweden, Austria, Spain, the United States, Denmark and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Germany were the Netherlands ($X), Belgium ($X) and Poland ($X), with a combined 74% share of total imports. Sweden, Austria, the United States, Spain, Denmark and the UK lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Spain, with a CAGR of +37.3%, saw the highest rates of growth with regard to 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

The average margarine and shortening import price stood at $X per ton in 2022, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($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 UK (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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