Edible Oils

Overall, volume sales for edible oils in Serbia in 2024 are expected to fall. The government removed price restrictions on sunflower oil in 2024, which were RSD219.99/litre prior to the removal. On top of this, the government also imposed…

Edible oils is set to see current value growth in Saudi Arabia in 2024, with growth particularly high for healthier and less expensive alternatives. Given the rise in prices across almost all edible oils, affordability continues to drive demand for…

Edible oils continues to face challenges in Mexico in 2024, resulting in ongoing declines in both value and volume sales. However, after a challenging 2023, when edible oil prices rose significantly above general inflation rates, the situation is…

In 2024, sales of edible oils in Latvia remain largely stagnant, reflecting challenges familiar from prior years. Despite a gradual recovery from the 2022 price shocks caused by the disruption of Ukrainian sunflower oil supply, the market has yet to…

Sunflower oil has remained by far the largest contributor to edible oils retail volume and current value sales in Kazakhstan in 2024, and is also set to post the fastest growth in both respects. The overwhelming and enduring preference for this…

In 2024, the volume of edible oils available in Egypt has declined, accompanied by a substantial increase in prices. This dramatic rise in cooking oil costs can be attributed to three primary factors. First, both local and international oil prices…

Following a strong decline in retail volume sales of edible oils in the Czech Republic in 2023, informed by stockpiling in the previous year, demand was on the rise in 2024. The demand for some edible oils was supported by price decreases in the…

Retail and foodservice volume sales of edible oils in Taiwan increased steadily in 2024, with foodservice reaching close to pre-pandemic levels. Consumers are resuming their dining out habits resulting in the steady return of foodservice volume…

Edible oils is set to see retail volume sales stagnate in Spain in 2024, while continuous price increases for olive oil are expected to support current value growth. The olive oil subcategory has faced high prices due to low production, though the…

In 2024, the edible oils landscape saw a positive uplift, bolstered by promotions and discounts, as consumers actively sought ways to save money amid economic pressures. Many shoppers use loyalty programs, retailer smartphone apps, and online…

Marginal volume growth was registered by edible oils in 2024 due to a significant reduction in average unit prices of sunflower oil. Government interventions limited processors and retailers to a maximum 20% mark-up on sunflower oil (in formats up to…

Olive oil prices increased substantially in Portugal during 2023, with the upward trend continuing in 2024. Low olive yields led to a sharp reduction in the supply of olive oil, which pushed up prices. Despite being a large producer of olive oil, the…

Edible oils in Peru is seeing players reduce product prices in 2024, in a bid to combat persistent consumption decline resulting from economic instability. Some companies have shifted their strategy from reducing product sizes while maintaining unit…

Edible oils in Pakistan are enjoying positive retail volume and foodservice volume growth in 2024. Spiked by high inflation, retail current value sales are still rising dynamically at the end of the review period. With more and more consumers…

Edible oils in Norway is seeing shortages continue to cause disruption and push unit prices higher in 2024. While prices have started to level out, weak olive oil production due to adverse weather conditions in key producing regions, such as Spain,…

In 2024, Lithuania's edible oils category experienced a decline in growth, reflecting a challenging market environment. The category remains saturated and largely fluctuates in response to global commodity prices. Whilst vegetable oil prices have…

Edible oils in Ireland grew by low double digits in current value terms in 2024, mainly driven by significant price increases. Olive oil and sunflower oil continued losing volume sales due to supply shortages and skyrocketing prices, while substitute…

The edible oils market in Hungary is still largely dominated by sunflower oil, which is set to see an increase in demand in 2024, due to its affordability in a price-sensitive environment. Following the dramatic price hikes in 2022 after Russia’s…

Edible oils is set to see a marked fall in retail value sales in current terms in Georgia in 2024. The decrease in sunflower oil prices in Russia has continued to influence the dynamics of the sunflower oil subcategory in Georgia. Russia is the most…

Sunflower oil remains the most popular edible oil in both value and volume terms in Croatia in 2024. Its enduring popularity is partly explained by traditional consumption habits, in that this product type is widely used in local recipes and…