Prepared or preserved groundnuts market in Southern Europe

Earlier Report Observations

From 2018 to 2019, the market for prepared or preserved groundnuts in Southern Europe grew strongly, with production increasing from 56 612 tons to 64 482 tons and market volume rising from 61 385 tons to 73 168 tons. This expansion was primarily driven by substantial investments in genetic seed improvement by Brazilian research institutions Embrapa and IAC, which introduced new peanut cultivars suited for mechanization, boosting yield and quality. Concurrently, rising international demand, with exports growing to markets like Chile, Peru, and the United States, supported increased market activity.

The COVID-19 pandemic in 2020 disrupted global supply chains and market conditions, leading to a sharp contraction where production fell to 41 015 tons and market volume dropped to 45 498 tons. However, in 2021, the market partially recovered to 52 703 tons, fueled by a shift in consumer preferences toward plant-based and healthy foods, which elevated demand for peanut-based ingredients. Investments in research for climate-resilient peanut varieties also contributed to stabilizing supply.

Market volumes declined further from 2022, reaching 38 232 tons in 2023. Geopolitical factors, including the war in Ukraine, affected exports to Eastern Europe and introduced trade uncertainties. Despite the overall contraction, the Italian segment saw significant industrial investments, such as the expansion of the Fiorentini plant in Turin for peanut butter production, reflecting a strategic shift towards value-added products and diversification within the sector.

Production prepared or preserved groundnuts in Southern Europe

In kind, 2017-2020, t

Top producers of prepared or preserved groundnuts, 2017-2020

World map of production of prepared or preserved groundnuts, 2017-2020

Southern Europe's production of prepared or preserved groundnuts declined after two consecutive years of growth. In 2020, output reached 41 015 tonnes, marking a significant year-over-year contraction of 36.4%. Looking at the broader period from 2017 to 2020, production decreased by 26.9%, with an average annual decline of 9.9%. The peak was recorded in 2019 at 64 482 tonnes, which also saw the largest annual increase of 13.9%.

Annual dynamics of production in Southern Europe in kind, 2017-2020, t

In value, 2017-2020, M $ US

Following two years of improvement, Southern Europe's production of prepared or preserved groundnuts in value terms declined. In 2020, the output was valued at 106.2 million US dollars, representing a sharp year-over-year decrease of 46.3%. Over the 2017-2020 period, production value fell by 29.9%, with an average annual decline of 11.1%. The highest value was recorded in 2019 at 198.0 million US dollars, which also experienced the largest annual increase of 28.9%.

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

Exports prepared or preserved groundnuts from Southern Europe

Exports in kind, t

In 2020, Southern Europe's exports of prepared or preserved groundnuts totalled 20 648 tonnes, showing a substantial increase of 40.7% compared to the previous year. From 2017 to 2020, exports grew by 14.5%, with an average annual growth rate of 4.6%. The lowest export volume was recorded in 2019 at 14 679 tonnes, which also saw the largest annual decline of 21.8%.

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

Between 2017 and 2020, Germany, Austria, and Luxembourg were the main buyers of prepared or preserved groundnuts from Southern Europe in volume terms. Germany accounted for 30.5% of exports, Austria for 11.4%, and Luxembourg for 8.2%. Together, these three countries comprised 50.1% of total exports in kind.

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

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

Exports in value, K $ US

In 2020, the value of prepared or preserved groundnuts exported from Southern Europe amounted to 53 483 thousand US dollars, representing an 18.7% increase compared to 2019. Over the 2017-2020 period, export value grew by 9.9%, with an average annual growth rate of 3.2%. The lowest value was recorded in 2019 at 45 067 thousand US dollars, which also experienced the largest annual decline of 11.5%.

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

From 2017 to 2020, the partner structure for exports in value terms was relatively balanced rather than concentrated. Germany accounted for 17.3% of export value, Austria for 10.4%, and France for 8.5%. Together, these three countries represented 36.2% of total export flows, while many other countries accounted for the remaining 63.8%.

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

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

Imports prepared or preserved groundnuts to Southern Europe

Imports in kind, t

In 2020, Southern Europe's imports of prepared or preserved groundnuts reached 25 131 tonnes, showing a modest increase of 7.6% compared to 2019. Between 2017 and 2020, imports grew by 24.4%, with an average annual growth rate of 7.5%. The largest annual decline occurred in 2019 at 0.8%, while the largest increase was recorded in 2018 at 16.5%.

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

From 2017 to 2020, Germany, the Netherlands, and Poland formed the main cluster of markets for Southern Europe's imports of prepared or preserved groundnuts in volume terms. Germany accounted for 24.6% of imports, the Netherlands for 23.7%, and Poland for 10.2%. Together, these three countries represented 58.5% of total import flows in kind.

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

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

Imports in value, K $ US

In 2020, Southern Europe imported prepared or preserved groundnuts valued at 78 750 thousand US dollars, marking an 8.7% increase compared to the previous year. Between 2017 and 2020, import value grew by 12.6%, with an average annual growth rate of 4.0%. The largest annual decline was recorded in 2019 at 2.8%.

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

Between 2017 and 2020, Germany, the Netherlands, and Poland were the largest suppliers of prepared or preserved groundnuts to Southern Europe in value terms. Germany accounted for 24.2% of import value, the Netherlands for 22.1%, and Poland for 10.2%. Together, these three countries formed 56.5% of total imports in value terms.

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

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