In 2023, Italy led European exports of refined soybean oil despite a decrease of 12.32% in volume. Spain and Greece showed resilience with slight growth, 1.88% and 4.24% respectively. Meanwhile, the Netherlands and Portugal exited the market. Significant gains were seen in Ireland, Austria, Slovenia, Poland, and Estonia, with Estonia witnessing a remarkable surge of 372.68%. Germany, Belgium, and Sweden experienced downturns.
Future trends to watch for in the European refined soybean oil market include:
- The impact of emerging market dynamics and trade policies on traditional leaders like Italy and Spain.
- Potential recovery opportunities for Germany and Belgium to reclaim lost shares.
- Continued growth trajectories for smaller countries such as Ireland, Slovenia, and Estonia.
Top countries in Export of Refined Soya-Bean Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.64 | 2023 | +23.13% | -12.32% | View data |
| 2 | 2 Spain | 22.77 | 2023 | -28.83% | +1.88% | View data |
| 3 | 3 Netherlands | 15.37 | 2023 | View data | ||
| 4 | 4 Greece | 10.17 | 2023 | -14.5% | +4.24% | View data |
| 5 | 5 Belgium | 9.29 | 2023 | +2.06% | -7.41% | View data |
| 6 | 6 Germany | 8.42 | 2023 | -10.22% | -14.48% | View data |
| 7 | 7 Portugal | 4.96 | 2023 | -24.18% | View data | |
| 8 | 8 United Kingdom | 2.87 | 2023 | +1.97% | +0.98% | View data |
| 9 | 9 Ireland | 2.65 | 2023 | +26.58% | +41.27% | View data |
| 10 | 10 Sweden | 2.08 | 2023 | +5.65% | -4.56% | View data |
