Australia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnut Oil Price in Australia Grows 6% to $4.5K per Ton, Up Sharply on a Year-on-Year Basis
Australia Groundnut Oil Import Price per Ton in July 2022
In July 2022, the groundnut oil price per ton stood at $4.5K (CIF, Australia), picking up by 5.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 44% m-o-m. The import price peaked in July 2022.
Prices varied noticeably by the country of origin: the country with the highest price was China ($12.2K per ton), while the price for Malaysia ($2.8K per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by the United States (+103.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Australia Groundnut Oil Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In July 2022, the product with the highest price was refined groundnut oil ($5.0K per ton), while the price for crude groundnut oil totaled $4.2K per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by refined groundnut oil (+2.0%).
Australia Groundnut Oil Imports
Groundnut oil imports into Australia dropped significantly to 40 tons in July 2022, declining by -32.1% compared with June 2022 figures. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in May 2022 when imports increased by 161% against the previous month. As a result, imports attained the peak of 66 tons. From June 2022 to July 2022, the growth of imports remained at a somewhat lower figure.
In value terms, groundnut oil imports contracted markedly to $177K (IndexBox estimates) in July 2022. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in May 2022 with an increase of 277% against the previous month.
Australia Groundnut Oil Imports by Type
In July 2022, crude groundnut oil (29 tons) constituted the largest type of groundnut oil supplied to Australia, accounting for a 72% share of total imports. Moreover, crude groundnut oil exceeded the figures recorded for the second-largest type, refined groundnut oil (11 tons), threefold.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of crude groundnut oil was relatively modest.
In value terms, crude groundnut oil ($121K) constituted the largest type of groundnut oil supplied to Australia, comprising 69% of total imports. The second position in the ranking was held by refined groundnut oil ($56K), with a 31% share of total imports.
Australia Groundnut Oil Imports by Country
In July 2022, Hong Kong SAR (37 tons) was the main supplier of groundnut oil to Australia, accounting for a 92% share of total imports. Moreover, groundnut oil imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Malaysia (2.1 tons), more than tenfold. India (460 kg) ranked third in terms of total imports with a 1.2% share.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Hong Kong SAR stood at +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-11.9% per month) and India (-28.9% per month).
In value terms, Hong Kong SAR ($162K) constituted the largest supplier of groundnut oil to Australia, comprising 92% of total imports. The second position in the ranking was taken by Malaysia ($5.9K), with a 3.4% share of total imports. It was followed by China, with a 3.2% share.
From January 2022 to July 2022, the average monthly growth rate of value from Hong Kong SAR stood at +5.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-10.8% per month) and China (-34.3% per month).
This report provides an in-depth analysis of the groundnut oil market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 244 - Oil of Groundnuts
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
