The European import of crude groundnut oil in 2023 saw Italy leading with considerable volume, followed by the Netherlands and Belgium. The most significant year-on-year increases were observed in Ireland and Portugal, with Ireland experiencing a dramatic surge of over 450%. Denmark and Greece also reported significant growth rates, while Belgium and Luxembourg witnessed slight declines in import volumes. Notable increases in import values for Spain and Finland contrasted with minor gains in larger markets like Italy and France.
Future trends to watch include sustainability concerns driving demand shifts, potential regulatory changes affecting trade, and volatile market conditions related to geopolitical events and climate change impacts on oil production. Additionally, changes in dietary patterns towards health and wellness could influence the demand for groundnut oil across Europe.
Top countries in Import of Crude Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 50,734,000 | 2023 | +9.46% | +2.45% | View data |
| 2 | 2 Netherlands | 17,236,000 | 2023 | +14.82% | +13.1% | View data |
| 3 | 3 Belgium | 16,402,000 | 2023 | +15.54% | -1.05% | View data |
| 4 | 4 France | 10,027,000 | 2023 | +7.74% | +0.3% | View data |
| 5 | 5 Spain | 1,806,600 | 2023 | +137.69% | +104.19% | View data |
| 6 | 6 Ireland | 1,589,800 | 2023 | +136.96% | +455.71% | View data |
| 7 | 7 Denmark | 1,346,400 | 2023 | +76.57% | +200.44% | View data |
| 8 | 8 Germany | 590,980 | 2021 | -53.28% | +10.63% | View data |
| 9 | 9 Portugal | 328,090 | 2023 | +136.54% | +225.35% | View data |
| 10 | 10 Austria | 220,990 | 2023 | +46.03% | +18.05% | View data |
