In 2023, Belgium dominated European groundnut oil exports with a 37.91% share, despite a 4.15% year-on-year decline. France and the Netherlands followed, with 23.99% and 21.11% shares, respectively, showing slight positive or negative growth. Spain's exports surged by 87.3%, now holding an 8.27% share, while Italy posted a 6.18% increase, occupying 9.52% of the market. Germany and Austria showed moderate growth, whereas countries like Portugal and the United Kingdom saw significant declines. Small markets, such as Romania and Bulgaria, posted robust growth, albeit from lower baselines.
Future trends to watch:
- Expanding markets like Spain and Romania might continue gaining market share driven by positive growth trends.
- Potential recovery opportunities exist for declining markets such as Belgium and the UK with strategic adjustments.
- Overall, sustainable and organic groundnut oil demand may influence future export trends.
Top countries in Export of Groundnut Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 37.91 | 2023 | -0.88% | -4.15% | View data |
| 2 | 2 France | 23.99 | 2023 | +6% | +1.4% | View data |
| 3 | 3 Netherlands | 21.11 | 2023 | +27.57% | -3.6% | View data |
| 4 | 4 Italy | 9.52 | 2023 | +9.2% | +6.18% | View data |
| 5 | 5 Spain | 8.27 | 2023 | +35.82% | +87.3% | View data |
| 6 | 6 Germany | 5.81 | 2023 | +4.53% | +9.37% | View data |
| 7 | 7 Austria | 1.15 | 2023 | +16.66% | +5.12% | View data |
| 8 | 8 Bulgaria | 0.35 | 2023 | +7.22% | +24.94% | View data |
| 9 | 9 Portugal | 0.14 | 2023 | +2.78% | -22.26% | View data |
| 10 | 10 United Kingdom | 0.082 | 2023 | -54.22% | -31.2% | View data |
