U.S. - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnut Oil Prices in the United States
U.S. Groundnut Oil Import Price per Ton in May 2022
In May 2022, the groundnut oil price per ton stood at $3.5K (CIF, US), dropping by -3.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 an increase of 95% against the previous month. Over the period under review, average import prices hit record highs at $4.4K per ton in February 2022; however, from March 2022 to May 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In May 2022, the highest price was recorded for prices from Hong Kong SAR ($4.3K per ton) and China ($3.4K per ton), while the price for Argentina ($3.0K per ton) and India ($3.3K per ton) were amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Groundnut Oil Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In June 2022, the product with the highest price was refined groundnut oil ($4.2K per ton), while the price for crude groundnut oil totaled $2.1K per ton.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by refined groundnut oil (+9.9%).
U.S. Groundnut Oil Imports
Groundnut oil imports into the United States soared to 2.7K tons in June 2022, rising by 1,621% against May 2022 figures. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in March 2022 when imports increased by 5,601% against the previous month. As a result, imports reached the peak of 11K tons. From April 2022 to June 2022, the growth of imports remained at a somewhat lower figure.
In value terms, groundnut oil imports soared to $5.8M (IndexBox estimates) in June 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in March 2022 with an increase of 2,318% month-to-month. As a result, imports attained the peak of $20M. From April 2022 to June 2022, the growth of imports failed to regain momentum.
U.S. Groundnut Oil Imports by Type
In June 2022, crude groundnut oil (2.6K tons) was the main type of groundnut oil supplied to the United States, accounting for a 96% share of total imports. Moreover, crude groundnut oil exceeded the figures recorded for the second-largest type, refined groundnut oil (95 tons), more than tenfold.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of import of crude groundnut oil amounted to +107.9%.
In value terms, crude groundnut oil ($5.4M) constituted the largest type of groundnut oil supplied to the United States, comprising 93% of total imports. The second position in the ranking was held by refined groundnut oil ($404K), with a 7% share of total imports.
U.S. Groundnut Oil Imports by Country
India (70 tons), Argentina (40 tons) and Hong Kong SAR (31 tons) were the main suppliers of groundnut oil imports to the United States, together comprising 91% of total imports.
From January 2022 to May 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +27.8%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the largest groundnut oil suppliers to the United States were India ($230K), Hong Kong SAR ($136K) and Argentina ($121K), with a combined 90% share of total imports.
Hong Kong SAR, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the groundnut oil market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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
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This report provides an in-depth analysis of the groundnut oil market in the U.S..
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in the USA.
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This report provides an in-depth analysis of the crude groundnut oil market in the U.S..
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This report provides an in-depth analysis of the refined groundnut oil market in the U.S..
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This report provides an in-depth analysis of the global groundnut oil market.
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Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
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This report provides an in-depth analysis of the global crude groundnut oil market.
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This report provides an in-depth analysis of the global refined groundnut oil market.
855
This report provides an in-depth analysis of the groundnut oil market in the U.S..
295
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in the USA.
229
In terms of value, the imports of Groundnut Oil dropped to $356K in June 2023.
314
In value terms, refined groundnut oil exports fell rapidly to $1.1M in March 2023
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Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1593
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2216
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
229
In terms of value, the imports of Groundnut Oil dropped to $356K in June 2023.
314
In value terms, refined groundnut oil exports fell rapidly to $1.1M in March 2023
819
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1593
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2216
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
