In 2024, Italy leads European exports of refined groundnut oil with 36.263 million kilograms, representing a 1.17% increase from 2023. Belgium and France follow, with values of 8.9508 and 5.6635 million kilograms, respectively, experiencing a decrease and a slight increase of 4.15% and 1.4% in 2023. Notably, Spain showed a significant growth of 87.3% in 2023, with its exports reaching 1.9522 million kilograms. Other notable increases included Germany with 9.37%, and Romania with 60.48%, while Portugal and the United Kingdom saw declines. Over the last five years, the compound annual growth rate highlights these varying trends across Europe.
Future trends to watch for include potential shifts in production and export dynamics due to changes in agricultural output, trade policies, or shifts in demand for alternative oils. Monitoring countries with high growth rates like Spain and Romania could provide insights into emerging markets or changing supply chains within Europe.
Top countries in Export of Refined Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36,263,000 | 2023 | +16.6% | +1.17% | View data |
| 2 | 2 Belgium | 8,950,800 | 2023 | -0.88% | -4.15% | View data |
| 3 | 3 France | 5,663,500 | 2023 | +6% | +1.4% | View data |
| 4 | 4 Netherlands | 4,985,500 | 2023 | +27.57% | -3.6% | View data |
| 5 | 5 Spain | 1,952,200 | 2023 | +35.82% | +87.3% | View data |
| 6 | 6 Germany | 1,371,600 | 2023 | +4.53% | +9.37% | View data |
| 7 | 7 Austria | 272,000 | 2023 | +16.66% | +5.12% | View data |
| 8 | 8 Bulgaria | 83,100 | 2023 | +7.22% | +24.94% | View data |
| 9 | 9 Portugal | 34,180 | 2023 | +2.78% | -22.26% | View data |
| 10 | 10 United Kingdom | 19,420 | 2023 | -54.22% | -31.2% | View data |
