In 2023, Italy dominated the European market for sold production of chemically modified animal or vegetable fats and oils with a significant share, followed by Germany and Portugal. Italy showed a strong year-on-year growth of 13.7%, whereas Germany recorded a modest increase of 1.61%. Portugal also witnessed growth at 9.58%. Conversely, Spain experienced a decline of 6.12%. France and Poland showed positive but moderate upward trends. Notable growth was seen in Belgium with 10.05%, while smaller markets like Finland, Romania, and Lithuania showed varied yet slower changes.
Looking to the future, trends to watch include potential shifts in production capacities in major markets such as Italy and Germany, as well as the impact of environmental regulations and sustainability initiatives on the production processes. Also, trade policies and economic conditions post-2023 may influence production cost and competitiveness across European nations.
Top countries in Sold Production of Animal or Vegetable Fats and Oils Chemically Modified Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.41 | 2023 | +20.28% | +13.7% | View data |
| 2 | 2 Germany | 15.08 | 2023 | +1.22% | +1.61% | View data |
| 3 | 3 Portugal | 9.4 | 2023 | +17.42% | +9.58% | View data |
| 4 | 4 Spain | 6.8 | 2023 | +0.94% | -6.12% | View data |
| 5 | 5 Netherlands | 6.17 | 2023 | +5.14% | -0.028% | View data |
| 6 | 6 France | 4.27 | 2023 | +1.21% | +2.92% | View data |
| 7 | 7 Poland | 4.24 | 2023 | +5.06% | +6.12% | View data |
| 8 | 8 United Kingdom | 4.09 | 2023 | -1.63% | +1.99% | View data |
| 9 | 9 Lithuania | 3.69 | 2023 | +4.82% | +6.04% | View data |
| 10 | 10 Belgium | 3.18 | 2023 | +9.46% | +10.05% | View data |
