Refined groundnut oil and fractions market in Italy

Earlier Report Observations

The Italian market for refined groundnut oil and fractions experienced significant fluctuations in volume between 2018 and 2024. Market size in physical terms reached a peak of nearly 39.6 тыс. т in 2020, then declined to 28.8 тыс. т in 2022 before recovering to 38.6 тыс. т in 2023. In 2024, however, it fell again to 26.0 тыс. т. In value terms, the market peaked at $100.6 million in 2021, followed by a gradual decrease to $67.7 million by 2024.

The production rebound in 2023 was facilitated by increased availability of domestic raw materials, as Italian-grown peanuts promoted by industry groups expanded supply for oil processing. Simultaneously, the postponement of the European Union's deforestation regulation alleviated near-term price pressures on vegetable oils, including groundnut oil, contributing to a lower market value despite higher volume. In 2024, while the refined oil segment maintained a dominant 78% market share and continued to benefit from regulatory clarity for food safety, the overall market volume contracted.

Production refined groundnut oil and fractions in Italy

In value, 2017-2020, M $ US

Italy's production of refined groundnut oil and fractions increased for the second consecutive year. In 2020, output was valued at 90.0 million US dollars, marking a sharp gain of 33.3% compared to the previous year. However, between 2017 and 2020, overall production decreased by 25.3%, which translates to an annualized decline of 9.3%. The lowest value was recorded in 2018 at 59.9 million US dollars, with the largest decline of 50.3% also occurring that year.

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

In kind, 2017-2020, t

Italy's production of refined groundnut oil and fractions rose for the second year in a row. In 2020, the country produced 41 216 tonnes, showing a gradual uptick of 8.7% year-over-year. Over the 2017-2020 period, production fell by 36.9%, with a compound annual growth rate of -14.2%. The minimum volume was recorded in 2018 at 34 215 tonnes, when the largest decline of 47.6% occurred. The largest increase was in 2019, with a rise of 10.8%.

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

Exports refined groundnut oil and fractions from Italy

Exports in kind, t

Italy exported 2 253 tonnes of refined groundnut oil and fractions in 2020, up by 54.8% year-over-year. Between 2017 and 2020, exports grew by 118.7%, equating to an annualized rate of 29.8%. The largest decline was recorded in 2019 at 12.6%, while the largest increase occurred in 2018 with a jump of 61.7%.

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

From 2017 to 2020, France, Germany, and Austria were the leading destinations for Italy's exports in kind. France accounted for 29.5% of exports, Germany for 18.9%, and Austria for 14.9%, with their combined share reaching 63.2% 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

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2020, showing a 2.2-fold fluctuation. In 2020, refined groundnut oil and fractions shipments from Italy were valued at 4 892 thousand US dollars, reflecting a sudden advance of 105.7% compared to 2019. The largest decline was recorded in 2019 at 21.7%.

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

From 2017 to 2020, France, Germany, and Austria were the main markets for Italy's exports in value terms. France represented 27.0% of exports, Germany 17.5%, and Austria 12.3%, together accounting for 56.8% 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 refined groundnut oil and fractions to Italy

Imports in kind, t

There were noticeable fluctuations in market performance during the period. Imports reached their lowest point in 2020 and peaked in 2017, showing a 4-fold fluctuation. In 2020, Italy imported 625 tonnes of refined groundnut oil and fractions, constituting a sharp fall of 71.6% year-over-year. The largest increase was recorded in 2019 at 33.1%.

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

From 2017 to 2020, imports in kind of refined groundnut oil and fractions to Italy were largely oriented towards Nicaragua and Belgium. Their combined share reached 89.5% of total flows, with other destinations playing a secondary role.

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

There were noticeable fluctuations in market performance during the period. Imports fell to their lowest point in 2020 after peaking in 2017, changing by a factor of 4. Italy imported 1 214 thousand US dollars of refined groundnut oil and fractions in 2020, amounting to a decline of 62.6% year-over-year. The largest increase was recorded in 2019 at 9.4%.

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

From 2017 to 2020, Nicaragua and Belgium played the leading roles in Italy's imports in value terms, with a combined share of 86.3% of total flows, while the remaining share was dispersed among other countries.

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

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