Groundnut oil and fractions market in Italy

Earlier Report Observations

From 2018 to 2024, the Italian market for groundnut oil and fractions showed a notable increase in domestic production value, rising from 59 915 thousand US dollars to 83 306 thousand US dollars. Imports, after peaking at 74 072 thousand US dollars in 2021, fell to 46 950 thousand US dollars by 2024, while exports surged to 18 879 thousand US dollars in 2024. The overall market size in value terms reached 119 114 thousand US dollars in 2019 and stood at 111 377 thousand US dollars in 2024.

Around 2022, the market was shaped by growing consumer preference for organic and non-GMO oils due to increased health and environmental awareness, which bolstered demand for products with clean labels. This trend supported domestic production initiatives, such as those for 100% Italian peanuts in regions like Emilia-Romagna and Sicily, promoted by industry groups like Coldiretti. These efforts likely contributed to expanding local output and reducing import reliance.

Additionally, peanut oil's suitability for frying owing to its high smoke point and neutral taste sustained its consumption. Customs duties and import regulations for oil from countries such as Mozambique and Ukraine also influenced trade patterns, further aligning the market with trends towards healthier and traceable food products.

Production groundnut oil and fractions in Italy

In value, 2017-2020, M $ US

In 2019, Italy's groundnut oil and fractions production was valued at 67.5 million US dollars, marking a robust 12.7% increase from the previous year. However, production had decreased by 44% between 2017 and 2019, averaging an annual decline of 17.6%. The lowest value was recorded in 2018 at 59.9 million US dollars, which saw the largest decline of 50.3%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K t

From 2017 to 2020, Italy ranked 18th globally in production volume of groundnut oil and fractions.

Top producers of groundnut oil and fractions, 2017-2020

World map of production of groundnut oil and fractions, 2017-2020

The data shows irregular changes, indicating a volatile market environment. Production peaked in 2017 and reached its lowest point in 2020, with a 16-fold difference between these years. In 2019, Italy produced 4.1 thousand tonnes of groundnut oil and fractions, representing an 89.2% decline from the previous year. The minimum value was recorded in 2020 at 4.1 thousand tonnes, which also saw the largest decline of 89.2%.

Annual dynamics of production in Italy in kind, 2017-2020, K t

Exports groundnut oil and fractions from Italy

Exports in kind, t

In 2020, Italy exported 2,280 tonnes of groundnut oil and fractions, a 54.9% increase year-over-year. Between 2017 and 2020, exports grew by 67.5%, averaging an 18.8% annual rate. The largest decline occurred in 2019 at 15.4%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, France, Austria, and Germany were the top destinations for Italy's groundnut oil and fractions exports in volume terms. France accounted for 27.9% of exports, Austria for 18.4%, and Germany for 17.6%, together making up 64.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

Market behavior during these years was characterized by volatility. Export values reached their highest point in 2020 and their lowest in 2017, with a 2.1-fold difference. In 2020, Italy's groundnut oil and fractions export value amounted to 4,969 thousand US dollars, showing a steep 103.7% improvement compared to 2019. The largest decline was recorded in 2019 at 24.3%.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

Throughout 2017–2020, France, Germany, and Austria remained the key destinations for Italy's groundnut oil and fractions exports in value terms. France represented 27.0% of exports, Germany 16.9%, and Austria 12.5%, together accounting for 56.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports groundnut oil and fractions to Italy

Imports in kind, t

Italy's imports of groundnut oil and fractions declined for the third consecutive year. In 2020, imports amounted to 39,462 tonnes, a 10.0% reduction compared to 2019. Over the period 2017–2020, imports decreased by 18.1%, with a compound annual growth rate of -6.4%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, Brazil, Senegal, and Nicaragua were the largest suppliers of groundnut oil and fractions to Italy in volume terms. Brazil accounted for 44.9% of imports, Senegal for 23.1%, and Nicaragua for 14.0%, together forming 82.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, K $ US

After a two-year decline, Italy's imports of groundnut oil and fractions in value terms increased. In 2020, imports amounted to 65,878 thousand US dollars, reflecting a significant 21.9% rise from the previous year. However, between 2017 and 2020, imports decreased by 2.4%, averaging an annual decline of 0.8%. The lowest value was recorded in 2019 at 54,033 thousand US dollars, while the largest decline occurred in 2018 at 15.1%.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

Throughout 2017–2020, Brazil, Senegal, and Nicaragua formed the key group of partners for Italy's groundnut oil and fractions imports in value terms. Brazil accounted for 44.3% of imports, Senegal for 22.2%, and Nicaragua for 14.8%, jointly representing 81.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020