In 2023, Italy dominated the European export of refined groundnut oil with a 65.72% share, followed by Belgium and France holding 16.22% and 10.26%, respectively. Notable growth was seen in Spain with an increase of 87.3%, while Belgium and the Netherlands experienced declines of 4.15% and 3.6%. Additional countries like Germany and Austria showed modest growth, whereas countries such as Luxembourg and the United Kingdom saw significant decreases.
For future trends, watch for:
- Spain potentially increasing its market share with continued growth momentum.
- Belgium and the Netherlands addressing declines to retain their positions.
- Emerging contributors like Bulgaria and Romania possibly gaining traction in the market due to recent significant growth rates.
Top countries in Export of Refined Groundnut Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 65.72 | 2023 | +16.6% | +1.17% | View data |
| 2 | 2 Belgium | 16.22 | 2023 | -0.88% | -4.15% | View data |
| 3 | 3 France | 10.26 | 2023 | +6% | +1.4% | View data |
| 4 | 4 Netherlands | 9.03 | 2023 | +27.57% | -3.6% | View data |
| 5 | 5 Spain | 3.54 | 2023 | +35.82% | +87.3% | View data |
| 6 | 6 Germany | 2.49 | 2023 | +4.53% | +9.37% | View data |
| 7 | 7 Austria | 0.49 | 2023 | +16.66% | +5.12% | View data |
| 8 | 8 Bulgaria | 0.15 | 2023 | +7.22% | +24.94% | View data |
| 9 | 9 Portugal | 0.062 | 2023 | +2.78% | -22.26% | View data |
| 10 | 10 United Kingdom | 0.035 | 2023 | -54.22% | -31.2% | View data |
