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World - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

World - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights

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Nov 19, 2024

Exploring the Top Import Markets for Crude Groundnut Oil

Crude groundnut oil is a highly sought-after commodity in the global market, with numerous countries vying to import this essential product for various culinary and industrial uses. According to data from the IndexBox market intelligence platform, the top 10 countries by import value of crude groundnut oil in 2023 are as follows:

  • China - $477.1 million USD
  • Italy - $59.8 million USD
  • United States - $34.2 million USD
  • Netherlands - $22.2 million USD
  • France - $12.5 million USD
  • Belgium - $11.6 million USD
  • Hong Kong SAR - $6.7 million USD
  • Switzerland - $6.6 million USD
  • Czech Republic - $1.7 million USD
  • Malaysia - $1.7 million USD

These figures highlight the significant demand for crude groundnut oil in key markets around the world. Let's take a closer look at some of the top import markets for this essential commodity.

China

As the world's largest importer of crude groundnut oil, China plays a crucial role in driving global demand for this product. With an import value of $477.1 million USD in 2023, China's appetite for groundnut oil shows no signs of abating. The country's growing population and expanding food industry are key factors contributing to this high level of import activity.

Italy

Italy is another important market for crude groundnut oil, with an import value of $59.8 million USD in 2023. The country's rich culinary tradition and thriving food processing sector make it a key destination for groundnut oil imports. Italy's strong demand for this product is a testament to its importance in the country's food culture.

United States

The United States is a major importer of crude groundnut oil, with an import value of $34.2 million USD in 2023. The country's diverse food industry and consumer demand for high-quality cooking oils drive its imports of groundnut oil. With a robust market for this product, the United States continues to be a key player in the global groundnut oil trade.

Netherlands

The Netherlands is also a significant market for crude groundnut oil, with an import value of $22.2 million USD in 2023. The country's strategic location in Europe and well-developed logistics infrastructure make it an attractive hub for groundnut oil imports. Netherlandsstrong demand for this product underscores its importance in the region's food processing industry.

France

France, with an import value of $12.5 million USD in 2023, is another key market for crude groundnut oil. The country's renowned food culture and emphasis on culinary excellence drive its demand for high-quality cooking oils, including groundnut oil. France's import activity in this sector reflects its commitment to sourcing the best ingredients for its traditional and innovative dishes.

Belgium

Belgium's import value of $11.6 million USD in 2023 highlights its position as a significant market for crude groundnut oil. The country's diverse food industry and strong consumer demand for premium cooking oils contribute to its import activity in this sector. Belgium's import of groundnut oil plays a vital role in meeting the needs of its food processing and culinary sectors.

Hong Kong SAR

With an import value of $6.7 million USD in 2023, Hong Kong SAR is an important market for crude groundnut oil. The region's vibrant food scene and multicultural influences drive its demand for high-quality cooking oils, including groundnut oil. Hong Kong SAR's import activity in this sector reflects its status as a key player in the global culinary landscape.

Switzerland

Switzerland's import value of $6.6 million USD in 2023 underscores its role as a significant market for crude groundnut oil. The country's strong food industry and focus on gourmet cuisine make it a key destination for groundnut oil imports. Switzerland's demand for this product reflects its commitment to quality and innovation in the culinary sector.

Czech Republic and Malaysia

Both the Czech Republic and Malaysia had an import value of $1.7 million USD each in 2023, highlighting their growing significance as markets for crude groundnut oil. The Czech Republic's evolving food industry and Malaysia's expanding culinary scene contribute to their import activity in this sector. Both countriesdemand for groundnut oil demonstrates the global appeal of this versatile cooking oil.

In conclusion, the world's best import markets for crude groundnut oil represent a diverse range of countries with unique culinary traditions and food industries. These key markets play a vital role in driving global demand for this essential commodity, highlighting the widespread use and popularity of groundnut oil in the global food market. As import values continue to rise in these top markets, the future looks bright for the global groundnut oil trade.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global crude groundnut oil market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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