Germany - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Germany - 2023
Contents:
- Vegetable Oils Price in Germany (FOB) - 2023
- Vegetable Oils Price in Germany (CIF) - 2023
- Vegetable Oils Exports in Germany
- Vegetable Oils Imports in Germany
Vegetable Oils Price in Germany (FOB) - 2023
In June 2023, the average vegetable oils export price amounted to $2,752 per ton, with an increase of 12% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 27% m-o-m. As a result, the export price reached the peak level of $3,117 per ton. From February 2023 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was South Korea ($12,085 per ton), while the average price for exports to Switzerland ($1,839 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Oils Price in Germany (CIF) - 2023
In June 2023, the average vegetable oils import price amounted to $2,224 per ton, with an increase of 7.7% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 12% against the previous month. As a result, import price attained the peak level of $2,601 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($49,810 per ton), while the price for Turkey ($1,688 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Exports in Germany
After three years of growth, shipments abroad of vegetable fats and oils decreased by -12.4% to 130K tons in 2022. In general, exports recorded a slight decline. The growth pace was the most rapid in 2021 when exports increased by 5.5%. As a result, the exports attained the peak of 148K tons, and then contracted in the following year.
In value terms, vegetable oils exports skyrocketed to $333M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
Export of Vegetable Oils in Germany (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 54.4 | 57.0 | 82.5 | 101 | 22.9% |
Netherlands | 12.6 | 17.9 | 33.0 | 46.2 | 54.2% |
Poland | 16.9 | 19.2 | 22.6 | 21.6 | 8.5% |
France | 11.6 | 12.8 | 16.4 | 21.3 | 22.5% |
Spain | 4.5 | 5.7 | 11.3 | 15.5 | 51.0% |
Belgium | 6.0 | 6.0 | 10.0 | 10.1 | 19.0% |
Austria | 7.6 | 7.6 | 8.6 | 10.0 | 9.6% |
United Kingdom | 7.5 | 8.0 | 9.1 | 9.5 | 8.2% |
Switzerland | 7.8 | 6.5 | 7.5 | 9.3 | 6.0% |
Norway | 6.9 | 7.1 | 8.4 | 8.6 | 7.6% |
Slovenia | 2.0 | 4.5 | 4.8 | 4.3 | 29.1% |
Slovakia | 13.2 | 17.2 | 7.0 | 1.0 | -57.7% |
Others | 49.3 | 53.0 | 62.7 | 74.1 | 14.5% |
Total | 200 | 223 | 284 | 333 | 18.5% |
Top Export Markets for Vegetable Oils from Germany in 2022:
- Denmark (63.9K tons)
- Netherlands (16.5K tons)
- Poland (10.0K tons)
- Spain (5.3K tons)
- Belgium (4.3K tons)
- France (4.0K tons)
- Norway (3.2K tons)
- Switzerland (2.8K tons)
- Slovenia (2.7K tons)
- United Kingdom (2.1K tons)
- Austria (1.9K tons)
- Slovakia (0.4K tons)
Vegetable Oils Imports in Germany
In 2022, approx. 93K tons of vegetable fats and oils were imported into Germany; which is down by -14.7% compared with the previous year's figure. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.7%.
In value terms, vegetable oils imports rose markedly to $204M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Vegetable Oils in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 84.1 | 90.2 | 115 | 115 | 11.0% |
India | 10.0 | 8.0 | 12.3 | 13.2 | 9.7% |
Indonesia | 6.2 | 5.1 | 2.9 | 11.4 | 22.5% |
Poland | 8.3 | 7.0 | 9.0 | 8.5 | 0.8% |
Spain | 5.4 | 4.9 | 4.2 | 8.0 | 14.0% |
Belgium | 8.5 | 3.9 | 8.7 | 7.1 | -5.8% |
Sweden | 5.9 | 5.6 | 8.6 | 6.6 | 3.8% |
Austria | 3.0 | 4.0 | 2.4 | 4.7 | 16.1% |
Italy | 0.6 | 0.5 | 1.5 | 4.1 | 89.8% |
United Kingdom | 3.7 | 3.3 | 1.0 | 3.6 | -0.9% |
Others | 19.3 | 11.1 | 15.0 | 22.5 | 5.2% |
Total | 155 | 144 | 181 | 204 | 9.6% |
Top Suppliers of Vegetable Oils to Germany in 2022:
- Netherlands (63.0K tons)
- India (5.4K tons)
- Poland (4.5K tons)
- Belgium (2.8K tons)
- Spain (2.4K tons)
- Indonesia (2.2K tons)
- United Kingdom (1.9K tons)
- Sweden (1.7K tons)
- Italy (1.6K tons)
- Austria (1.5K tons)
This report provides an in-depth analysis of the vegetable oils market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the vegetable oils market in Germany.
This report provides an in-depth analysis of the animal fats market in Germany.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
This report provides an in-depth analysis of the vegetable oils market in Germany.
This report provides an in-depth analysis of the animal fats market in Germany.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
In August 2022, the vegetable oils price stood at $3,237 per ton (FOB, Germany), jumping by 16% against the previous month.
In March 2023, the animal fats price stood at $5,781 per ton (CIF, Germany), falling by -4.1% against the previous month.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
In August 2022, the vegetable oils price stood at $3,237 per ton (FOB, Germany), jumping by 16% against the previous month.
In March 2023, the animal fats price stood at $5,781 per ton (CIF, Germany), falling by -4.1% against the previous month.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.