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World - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

World - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Oct 30, 2024

The Largest Import Markets for Groundnut Oil

Groundnut oil, also known as peanut oil, is a popular cooking oil that is widely used in kitchens around the world. It is known for its high smoke point and nutty flavor, making it a versatile and delicious choice for various dishes. In this article, we will explore the top import markets for groundnut oil, based on data from the IndexBox market intelligence platform.

1. China

China is the world's largest importer of groundnut oil, with an import value of 477.5 million USD in 2023. The demand for groundnut oil in China has been steadily increasing in recent years, driven by the country's growing population and changing consumer preferences. As a major player in the global trade of groundnut oil, China plays a key role in shaping the market dynamics.

2. Italy

Italy is the second-largest import market for groundnut oil, with an import value of 60.1 million USD in 2023. The Italian market is known for its high-quality food products, and groundnut oil is no exception. Italian consumers value the flavor and versatility of groundnut oil, making it a popular choice for cooking and baking.

3. United States

The United States is another important import market for groundnut oil, with an import value of 39.8 million USD in 2023. Groundnut oil is widely used in American cuisine, particularly in Southern cooking and Asian-inspired dishes. The United States is a key player in the global groundnut oil market, both as an importer and a consumer.

4. Netherlands

The Netherlands is a significant importer of groundnut oil, with an import value of 29.1 million USD in 2023. The country's strategic location and well-developed logistics infrastructure make it an attractive market for groundnut oil exporters. The Netherlands serves as a hub for the distribution of groundnut oil to other European countries.

5. Hong Kong SAR

Hong Kong SAR is a key import market for groundnut oil, with an import value of 28.1 million USD in 2023. The demand for groundnut oil in Hong Kong is driven by the city's vibrant culinary scene and its status as a major food hub in Asia. Groundnut oil is a popular choice for both home cooks and professional chefs in Hong Kong.

6. France

France is a significant importer of groundnut oil, with an import value of 20.0 million USD in 2023. French cuisine is known for its use of high-quality ingredients, and groundnut oil is no exception. French consumers appreciate the flavor and versatility of groundnut oil, making it a staple in many kitchens across the country.

7. Belgium

Belgium is an important import market for groundnut oil, with an import value of 13.1 million USD in 2023. The country's diverse culinary traditions and strong demand for high-quality food products make it an attractive market for groundnut oil exporters. Belgian consumers value the taste and health benefits of groundnut oil.

8. Canada

Canada is a key importer of groundnut oil, with an import value of 12.2 million USD in 2023. The demand for groundnut oil in Canada is driven by the country's multicultural population and its growing interest in global cuisine. Groundnut oil is a popular choice for cooking a wide variety of dishes in Canadian households.

9. United Kingdom

The United Kingdom is a significant import market for groundnut oil, with an import value of 10.9 million USD in 2023. Groundnut oil is a popular cooking oil in the UK, known for its distinct flavor and versatility. British consumers use groundnut oil in a wide range of dishes, from stir-fries to baked goods.

10. Germany

Germany is an important importer of groundnut oil, with an import value of 8.8 million USD in 2023. The German market for groundnut oil is driven by the country's strong economy and high standard of living. German consumers value the quality and health benefits of groundnut oil, making it a popular choice for cooking and baking.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global 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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