Europe: Groundnuts Market 2024

Groundnuts Market Size in Europe

In 2022, after two years of growth, there was significant decline in the Europe groundnuts market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Groundnuts Production in Europe

In value terms, groundnuts production expanded to $X in 2022 estimated in export price. Overall, production showed a slight decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of groundnuts production was Greece (X tons), accounting for X% of total volume. Moreover, groundnuts production in Greece exceeded the figures recorded by the second-largest producer, Latvia (X tons), sevenfold. The third position in this ranking was taken by Bulgaria (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Greece totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Latvia (X% per year) and Bulgaria (X% per year).

The average groundnuts yield declined modestly to X tons per ha in 2022, reducing by X% on the previous year's figure. Over the period under review, the yield saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the groundnuts yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Europe; increasing by X% on the previous year's figure. In general, the harvested area saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Groundnuts Exports

Exports in Europe

In 2022, shipments abroad of ground-nut (in-shell) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports reduced notably to $X in 2022. In general, exports showed a slight contraction. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of ground-nut (in-shell), namely Croatia, the Netherlands, Portugal and Germany, represented more than two-thirds of total export. It was distantly followed by Belgium (X tons), achieving a X% share of total exports. Italy (X tons), the UK (X tons) and Greece (X tons) took a minor share of total exports.

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

In value terms, the largest groundnuts supplying countries in Europe were the Netherlands ($X), Croatia ($X) and Germany ($X), with a combined X% share of total exports.

Croatia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Groundnuts Imports

Imports in Europe

After two years of growth, purchases abroad of ground-nut (in-shell) decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, groundnuts imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

The purchases of the three major importers of ground-nut (in-shell), namely Germany, Italy and Spain, represented more than half of total import. It was distantly followed by France (X tons), making up a X% share of total imports. Portugal (X tons), the UK (X tons), the Netherlands (X tons), Slovakia (X tons), Switzerland (X tons) and Croatia (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. France, Portugal, the Netherlands, the UK, Slovakia, Switzerland and Croatia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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