The 2024 data reveals that Germany and Italy dominate the European sold production of chemically modified animal or vegetable fats and oils, with shares of 29.79% and 29.3% respectively. Notable growth from 2023 was seen in Italy, up by 11.13%, and Romania, up by 10.79%. Portugal exhibited a 6.7% increase, whereas Croatia recorded a significant drop of 37.33%. Spain and France also experienced declines, falling by 4.67% and 12.58% respectively. Over the past five years, the Compound Annual Growth Rate (CAGR) highlights Italy and Portugal as consistent growth areas, with Germany remaining stable.
Future trends to watch include potential shifts in production due to sustainable practices and regulatory changes in the European Union. Italy and Portugal's ongoing growth suggests advancements in processing technologies or increased demand. Watch for strategic moves by France and Spain to regain market share, possibly driven by innovation or competitive pricing. Geopolitical factors and trade policies may also influence production and distribution in the coming years.
Top countries in Sold Production of Animal or Vegetable Fats and Oils Chemically Modified Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.79 | 2023 | +1.86% | +1.01% | View data |
| 2 | 2 Italy | 29.3 | 2023 | +21.55% | +11.13% | View data |
| 3 | 3 Portugal | 13.12 | 2023 | +14.42% | +6.7% | View data |
| 4 | 4 Poland | 6.11 | 2023 | +4.25% | +3.84% | View data |
| 5 | 5 Lithuania | 5.26 | 2023 | +4.82% | +4.88% | View data |
| 6 | 6 Spain | 4.18 | 2023 | +1% | -4.67% | View data |
| 7 | 7 United Kingdom | 3.64 | 2023 | -1.93% | -0.13% | View data |
| 8 | 8 Netherlands | 3.51 | 2021 | -26.66% | View data | |
| 9 | 9 Belgium | 1.34 | 2023 | +3.83% | +2.05% | View data |
| 10 | 10 Romania | 0.5 | 2023 | +6.81% | +10.79% | View data |
