France - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrance Sees a Steep Decline in Groundnut Oil Imports, Down to $20M in 2023
France Groundnut Oil Imports
In 2023, overseas purchases of groundnut oil decreased by -17.9% to 8.8K tons for the first time since 2020, thus ending a two-year rising trend. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked at 21K tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.
In value terms, groundnut oil imports shrank to $20M (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Imports peaked at $41M in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Groundnut Oil in France (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Argentina | 3.4 | N/A | 2.4 | 9.2 | 5.6 | 2.7 | 4.9 | 9.2 | 15.8 | 15.9 | 12.4 |
| Belgium | 7.9 | 7.5 | 3.9 | 4.3 | 7.0 | 8.2 | 4.1 | 2.7 | 4.9 | 4.5 | 6.9 |
| Spain | 0.6 | 0.4 | N/A | N/A | N/A | N/A | 0.2 | 0.2 | 0.5 | 1.6 | 0.5 |
| Italy | 0.2 | 0.3 | 0.3 | 0.3 | 0.6 | 1.0 | 0.7 | 0.2 | 0.1 | 0.3 | N/A |
| Gambia | 1.3 | 4.0 | 6.3 | 5.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Senegal | 8.8 | 10.2 | 12.2 | 6.7 | 5.0 | 7.1 | 6.1 | N/A | N/A | N/A | N/A |
| Nicaragua | 18.3 | 2.6 | 2.8 | 2.8 | 3.6 | 2.4 | N/A | N/A | N/A | N/A | N/A |
| Others | 0.2 | 0.1 | 0.1 | 2.8 | 0.6 | 0.4 | 0.8 | 1.0 | 0.1 | 0.2 | 0.2 |
| Total | 40.7 | 25.0 | 28.1 | 31.9 | 22.4 | 21.8 | 16.9 | 13.2 | 21.4 | 22.5 | 20.0 |
Imports by Country
In 2023, Argentina (6K tons) constituted the largest supplier of groundnut oil to France, with a 69% share of total imports. Moreover, groundnut oil imports from Argentina exceeded the figures recorded by the second-largest supplier, Belgium (2.5K tons), twofold. The third position in this ranking was held by Spain (221 tons), with a 2.5% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Argentina amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.5% per year) and Spain (-0.2% per year).
In value terms, the largest groundnut oil suppliers to France were Argentina ($12M), Belgium ($6.9M) and Spain ($454K), together accounting for 99% of total imports.
Argentina, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Imports by Type
In 2023, crude groundnut oil (6K tons) constituted the largest type of groundnut oil supplied to France, with a 69% share of total imports. Moreover, crude groundnut oil exceeded the figures recorded for the second-largest type, refined groundnut oil (2.7K tons), twofold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of crude groundnut oil imports amounted to -9.3%.
In value terms, crude groundnut oil ($12M) and refined groundnut oil ($7.5M) constituted the most imported types of groundnut oil in France.
Import Prices by Country
In 2023, the groundnut oil price stood at $2,280 per ton (CIF, France), surging by 8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Belgium ($2,789 per ton) and Italy ($2,370 per ton), while the price for Spain ($2,054 per ton) and Argentina ($2,066 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the groundnut oil market in France. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in France
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
