Europe: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Europe

In 2022, the Europe chemically modified oils market increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Production in Europe

In value terms, chemically modified oils production skyrocketed to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the near future.

Chemically Modified Oils Exports

Exports in Europe

In 2022, the amount of animal or vegetable fats and oils chemically modified exported in Europe surged to X tons, picking up by X% against the previous year. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, chemically modified oils exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands represented the major exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Belgium (X tons), Spain (X tons), the UK (X tons), Germany (X tons), Italy (X tons), Poland (X tons) and Russia (X tons), together constituting a X% share of total exports. Austria (X tons) held a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), Spain (X%), Poland (X%), Belgium (X%), Italy (X%), the UK (X%) and Germany (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Spain, Belgium, Russia and Poland increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest chemically modified oils supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

In the Netherlands, chemically modified oils exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a temperate increase 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, chemically modified oils export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Belgium ($X per ton), while Austria ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Chemically Modified Oils Imports

Imports in Europe

For the seventh consecutive year, Europe recorded growth in overseas purchases of animal or vegetable fats and oils chemically modified, which increased by X% to X tons in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils imports surged to $X in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the main importer of animal or vegetable fats and oils chemically modified in Europe, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Spain (X tons) held the second position in the ranking, followed by Germany (X tons), Finland (X tons), the UK (X tons) and Belgium (X tons). All these countries together took approx. X% share of total imports. The following importers - Sweden (X tons), Portugal (X tons), France (X tons), Austria (X tons), Bulgaria (X tons), Italy (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%), Bulgaria (X%), Portugal (X%), Sweden (X%), France (X%), Spain (X%), the Czech Republic (X%), Belgium (X%), Austria (X%), Italy (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Spain, Finland, Portugal, Sweden, the Netherlands, Bulgaria, France and Belgium increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified in Europe, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a notable expansion 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, chemically modified oils import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Portugal ($X per ton), while the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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