In 2023, Italy dominated the European market for machinery used in the extraction or preparation of animal or fixed vegetable fats or oils, with a sold production value of €165.71 million, marking an impressive 21.96% year-on-year growth. Spain followed with €97.92 million and a modest 0.95% increase. Germany and Denmark each showed growth, at 1.97% and 13.09% respectively, while the UK saw a decline of 1.49%. Croatia and Bulgaria exhibited notable growth with 13.36% and 10.4%, respectively.
Future trends to watch in this market include:
- Technological advancements driving efficiency improvements in production machinery.
- Increased focus on sustainable and eco-friendly production methods.
- Geopolitical factors that may affect supply chains and production costs.
- Potential for market consolidation as companies seek to expand their technological portfolios.
Top countries in Sold Production of Machinery for the Extraction or Preparation of Animal or Fixed Vegetable Fats or Oils by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 165,710,000 | 2023 | +0.65% | +21.96% | View data |
| 2 | 2 Spain | 97,922,000 | 2023 | +15.2% | +0.95% | View data |
| 3 | 3 Germany | 23,416,000 | 2023 | +0.27% | +1.97% | View data |
| 4 | 4 Denmark | 11,411,000 | 2023 | +17.47% | +13.09% | View data |
| 5 | 5 Croatia | 4,577,600 | 2023 | +5% | +13.36% | View data |
| 6 | 6 United Kingdom | 3,184,800 | 2023 | -3.65% | -1.49% | View data |
| 7 | 7 Greece | 1,568,000 | 2021 | +20.02% | View data | |
| 8 | 8 Bulgaria | 1,536,900 | 2023 | +3.98% | +10.4% | View data |
