The European import landscape for groundnut oil reveals a diverse range of dynamics across countries. In 2023, the Netherlands emerged as the top importer with a notable 9.7% year-on-year increase. Spain displayed the highest growth momentum, rising by 18.06%. Conversely, France and Bulgaria experienced significant declines of 23.83% and 42.78%, respectively. Countries such as Germany, Italy, and Romania showed healthy import growth, whereas the UK and Belgium posted slight declines.
Future trends to watch include shifts in consumer preferences towards healthier oils, potential tariff changes, and economic conditions impacting purchasing power. The Netherlands is poised for continued dominance, while Spain's growth trajectory merits attention. Monitoring changes in European Union import regulations and the global groundnut production can offer insights into upcoming market shifts.
Top countries in Import of 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 |
