The European import of refined groundnut oil in 2023 showed notable leaders: Netherlands, United Kingdom, and Germany. The Netherlands grew by 9.7%, while the UK's imports slightly decreased. Germany saw a 6.45% rise, indicating stable demand. France and Belgium experienced declines in import volumes, highlighting shifts in purchasing strategies or market demand.
Over the last five years, the overall trend indicates moderate growth and fluctuating interest across countries. Countries like Spain and Romania showcased significant increases in 2023, with Spain's imports rising by 18.06%. Conversely, countries such as France and Latvia saw substantial declines.
Future trends to monitor include potential market changes in response to economic shifts and consumer preferences towards sustainable products. Increasing imports in Eastern European countries and potential impacts of trade policies could further shape the market landscape in the coming years.
Top countries in Import of Refined Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 3,930,500 | 2023 | +9.03% | +9.7% | View data |
| 2 | 2 United Kingdom | 2,779,000 | 2023 | -0.043% | -0.18% | View data |
| 3 | 3 Germany | 2,532,800 | 2023 | +3.58% | +6.45% | View data |
| 4 | 4 Italy | 1,859,200 | 2023 | +16.28% | +2.36% | View data |
| 5 | 5 France | 1,216,500 | 2023 | -33.58% | -23.83% | View data |
| 6 | 6 Belgium | 1,121,800 | 2023 | -4.65% | -10.61% | View data |
| 7 | 7 Spain | 824,810 | 2023 | +26.38% | +18.06% | View data |
| 8 | 8 Austria | 657,300 | 2023 | +1.06% | +1.68% | View data |
| 9 | 9 Portugal | 451,220 | 2023 | +13.15% | +2.47% | View data |
| 10 | 10 Luxembourg | 244,040 | 2023 | -9.42% | +1.62% | View data |
