Netherlands: Refined Groundnut Oil Market 2025

Refined Groundnut Oil Market Size in the Netherlands

In 2021, after three years of decline, there was significant growth in the Dutch refined groundnut oil market, when its value increased by 27% to $X. Overall, consumption posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Refined Groundnut Oil Production in the Netherlands

In value terms, refined groundnut oil production soared to $X in 2021 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Refined Groundnut Oil Exports

Exports from the Netherlands

In 2021, overseas shipments of refined groundnut oil were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 150%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, refined groundnut oil exports soared to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 195% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for refined groundnut oil exports from the Netherlands, with a 70% share of total exports. Moreover, refined groundnut oil exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Belgium (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at +109.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.0% per year) and Belgium (-26.6% per year).

In value terms, Norway ($X) remains the key foreign market for refined groundnut oil exports from the Netherlands, comprising 66% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to +106.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.6% per year) and Belgium (-23.6% per year).

Export Prices by Country

In 2021, the average refined groundnut oil export price amounted to $X per ton, with an increase of 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. 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 external markets. In 2021, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the average price for exports to Norway ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into the Netherlands

In 2021, refined groundnut oil imports into the Netherlands rose remarkably to X tons, growing by 14% on the previous year's figure. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 86% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, refined groundnut oil imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 50%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Italy (X tons) were the main suppliers of refined groundnut oil imports to the Netherlands, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +17.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest refined groundnut oil suppliers to the Netherlands were Belgium ($X), France ($X) and Italy ($X), together accounting for 94% of total imports.

Italy, with a CAGR of +25.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average refined groundnut oil import price amounted to $X per ton, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and Belgium ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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