EU: Oleo Oils Market 2024

Oleo Oils Market Size in the EU

In 2022, the EU oleo oils market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Oleo Oils Production in the EU

In value terms, oleo oils production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Oleo Oils Exports

Exports in the EU

In 2022, overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X tons, rising for the second consecutive year after four years of decline. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, oleo oils exports soared to $X in 2022. In general, exports continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Ireland represented the key exporter of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the European Union, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), creating a X% share of total exports. Germany (X tons), France (X tons) and Denmark (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oleo oils exports from Ireland stood at X%. At the same time, Denmark (X%), Germany (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, France (X%) illustrated a downward trend over the same period. While the share of Ireland (X p.p.), the Netherlands (X p.p.), Denmark (X p.p.) and Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) displayed negative dynamics.

In value terms, Ireland ($X) remains the largest oleo oils supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ireland stood at X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oleo oils export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced more modest paces of growth.

Oleo Oils Imports

Imports in the EU

Oleo oils imports surged to X tons in 2022, increasing by X% against the previous year. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleo oils imports skyrocketed to $X in 2022. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Ireland (X tons) represented the largest importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in 2022, resulting at near X% and X% of total imports, respectively. Belgium (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%). Poland (X tons) and Italy (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oleo oils importing markets in the European Union were the Netherlands ($X), Ireland ($X) and Belgium ($X), together accounting for X% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed modest growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and Italy ($X per ton), while Germany ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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