The Netherlands leads European groundnut oil imports with 26.07% share, followed by the UK and Germany. Significant increases in imports were noted from Spain, Romania, and Estonia last year, while France and Belgium saw considerable declines. Over the last two years, Romania and Estonia exhibited high positive variation, whereas Bulgaria significantly dropped. The compound annual growth rate reflects emerging preferences for niche oils diversifying traditional European markets.
Future trends to watch include the impact of sustainability practices on import preferences and potential shifts towards local and organic sourcing. Monitoring geopolitical tensions affecting trade relations will also be critical in forecasting the import landscape.
Top countries in Import of Groundnut Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 26.07 | 2023 | +9.03% | +9.7% | View data |
| 2 | 2 United Kingdom | 18.43 | 2023 | -0.043% | -0.18% | View data |
| 3 | 3 Germany | 16.8 | 2023 | +3.58% | +6.45% | View data |
| 4 | 4 Italy | 12.33 | 2023 | +16.28% | +2.36% | View data |
| 5 | 5 France | 8.07 | 2023 | -33.58% | -23.83% | View data |
| 6 | 6 Belgium | 7.44 | 2023 | -4.65% | -10.61% | View data |
| 7 | 7 Spain | 5.47 | 2023 | +26.38% | +18.06% | View data |
| 8 | 8 Austria | 4.36 | 2023 | +1.06% | +1.68% | View data |
| 9 | 9 Portugal | 2.99 | 2023 | +13.15% | +2.47% | View data |
| 10 | 10 Luxembourg | 1.62 | 2023 | -9.42% | +1.62% | View data |
