In 2023, European exports of refined soya-bean oil saw Italy as the largest exporter, despite a significant decline of 12.32%. Spain showed slight growth at 1.88%, while the Netherlands and Portugal saw their exports plummet to zero. Germany and Belgium registered declines of 14.48% and 7.41% respectively. Conversely, Ireland demonstrated a substantial increase at 41.27%, with Slovenia, Poland, and Estonia experiencing notable spikes of 89.91%, 56.36%, and 372.68% respectively. Austria's export increased substantially by 31.29%, whereas France showed stability with no changes.
Looking ahead, European countries may focus on diversification and discovering new markets. Given increasing sustainability pressures, there might be efforts to produce more environmentally friendly products, impacting future trade dynamics. Observing shifts in global demand and geopolitical tensions will also be critical. Watch for potential new trade agreements within Europe and beyond, which could redefine export strategies.
Top countries in Export of Refined Soya-Bean Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 144,410,000 | 2023 | +23.13% | -12.32% | View data |
| 2 | 2 Spain | 89,721,000 | 2023 | -28.83% | +1.88% | View data |
| 3 | 3 Netherlands | 60,569,000 | 2023 | View data | ||
| 4 | 4 Greece | 40,070,000 | 2023 | -14.5% | +4.24% | View data |
| 5 | 5 Belgium | 36,593,000 | 2023 | +2.06% | -7.41% | View data |
| 6 | 6 Germany | 33,174,000 | 2023 | -10.22% | -14.48% | View data |
| 7 | 7 Portugal | 19,564,000 | 2023 | -24.18% | View data | |
| 8 | 8 United Kingdom | 11,324,000 | 2023 | +1.97% | +0.98% | View data |
| 9 | 9 Ireland | 10,425,000 | 2023 | +26.58% | +41.27% | View data |
| 10 | 10 Sweden | 8,197,100 | 2023 | +5.65% | -4.56% | View data |
