In 2023, Italy dominated the European market for machinery used in the extraction or preparation of animal or fixed vegetable fats or oils, contributing significantly at 53.25% of the sold production value. Spain followed with a share of 31.46%, while Germany and Denmark held smaller portions at 7.52% and 3.67%, respectively. Notably, Italy experienced a substantial year-on-year increase of 21.96% in 2023. Meanwhile, Croatia and Denmark also showed notable growth exceeding 13% each. Conversely, the United Kingdom saw a decline of 1.49%, highlighting diverse regional dynamics within this sector.
Looking ahead, the European market is expected to gravitate towards increased automation and technological advancements. Countries like Italy, with established infrastructure, may continue to leverage innovation to maintain leadership. Meanwhile, nations with developing production capabilities, such as Croatia and Bulgaria, might capitalize on emerging opportunities, ensuring diversified growth across the region.
Top countries in Sold Production of Machinery for the Extraction or Preparation of Animal or Fixed Vegetable Fats or Oils Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.25 | 2023 | +0.65% | +21.96% | View data |
| 2 | 2 Spain | 31.46 | 2023 | +15.2% | +0.95% | View data |
| 3 | 3 Germany | 7.52 | 2023 | +0.27% | +1.97% | View data |
| 4 | 4 Denmark | 3.67 | 2023 | +17.47% | +13.09% | View data |
| 5 | 5 Croatia | 1.47 | 2023 | +5% | +13.36% | View data |
| 6 | 6 United Kingdom | 1.02 | 2023 | -3.65% | -1.49% | View data |
| 7 | 7 Greece | 0.5 | 2021 | +20.02% | View data | |
| 8 | 8 Bulgaria | 0.49 | 2023 | +3.98% | +10.4% | View data |
