Italy: Crude Groundnut Oil Market 2025

Crude Groundnut Oil Market Size in Italy

In 2022, the Italian crude groundnut oil market decreased by -6.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Crude groundnut oil consumption peaked at $X in 2021, and then shrank in the following year.

Crude Groundnut Oil Production in Italy

In value terms, crude groundnut oil production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 456%. Crude groundnut oil production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Crude Groundnut Oil Exports

Exports from Italy

In 2022, shipments abroad of crude groundnut oil decreased by -17.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2015 with an increase of 114% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 221% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Spain (X tons) was the main destination for crude groundnut oil exports from Italy, accounting for a 61% share of total exports. Moreover, crude groundnut oil exports to Spain exceeded the volume sent to the second major destination, Malta (X tons), sevenfold. The third position in this ranking was held by France (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +160.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+47.8% per year) and France (-12.7% per year).

In value terms, Spain ($X), France ($X) and Slovenia ($X) appeared to be the largest markets for crude groundnut oil exported from Italy worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +138.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, reducing by -37.3% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 73%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Malta ($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 China (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Groundnut Oil Imports

Imports into Italy

In 2022, overseas purchases of crude groundnut oil decreased by -3.4% to X tons, falling for the fifth consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, crude groundnut oil imports declined to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of crude groundnut oil to Italy, with a 71% share of total imports. Moreover, crude groundnut oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Senegal (X tons), fourfold. The third position in this ranking was held by Nicaragua (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+7.3% per year) and Nicaragua (-3.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of crude groundnut oil to Italy, comprising 70% of total imports. The second position in the ranking was taken by Senegal ($X), with a 19% share of total imports. It was followed by Nicaragua, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+4.8% per year) and Nicaragua (+0.3% per year).

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Gambia ($X per ton) and Senegal ($X per ton), while the price for Nicaragua ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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