The European export of groundnut oil shows Belgium as the leading exporter in 2023. Notable increases were observed in Spain and Bulgaria, with growth rates of 87.3% and 24.94%, respectively. In contrast, some countries like Portugal, the United Kingdom, and Luxembourg experienced significant declines in export volumes. Emerging exporters such as Romania gained attention with a remarkable growth rate of 60.48%. Over the past five years, exports have shown varied growth patterns, with certain markets expanding while others contracted.
Looking ahead, significant trends to watch include the potential for expansion in Eastern European markets as growing economies like Romania and Bulgaria enhance their export capacities. Also, ongoing shifts in consumer preferences and policy changes concerning cooking oils in European markets may impact future demand patterns for groundnut oil. Finally, sustainable and organic product trends could create additional opportunities or challenges depending on how countries adapt. Monitoring these trends will be crucial for understanding the changing landscape of groundnut oil exports in Europe.
Top countries in Export of Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 8,950,800 | 2023 | -0.88% | -4.15% | View data |
| 2 | 2 France | 5,663,500 | 2023 | +6% | +1.4% | View data |
| 3 | 3 Netherlands | 4,985,500 | 2023 | +27.57% | -3.6% | View data |
| 4 | 4 Italy | 2,247,500 | 2023 | +9.2% | +6.18% | 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 |
