China - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Groundnut Oil Prices in China
China Refined Groundnut Oil Export Price in September 2022
In September 2022, the refined groundnut oil price amounted to $2,651 per ton (FOB, China), falling by -3.3% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in August 2022 an increase of 13% month-to-month. As a result, the export price reached the peak level of $2,741 per ton, and then declined modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,646 per ton), while the average price for exports to Malaysia ($2,351 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
China Refined Groundnut Oil Exports
In September 2022, exports of refined groundnut oil from China shrank rapidly to 707 tons, which is down by -21.3% compared with the previous month's figure. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in March 2022 with an increase of 104% m-o-m. Over the period under review, the exports attained the peak figure at 1.4K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.
In value terms, refined groundnut oil exports fell remarkably to $1.9M (IndexBox estimates) in September 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in March 2022 when exports increased by 116% m-o-m. Over the period under review, the exports hit record highs at 3.1K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
China Refined Groundnut Oil Exports by Country
Hong Kong SAR (647 tons) was the main destination for refined groundnut oil exports from China, accounting for a 91% share of total exports. It was followed by Malaysia (21 tons), with a 3% share of total exports.
From January 2022 to September 2022, the average monthly growth rate of volume to Hong Kong SAR amounted to -6.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (-24.3% per month) and the United States (+18.7% per month).
In value terms, Hong Kong SAR ($1.7M) remains the key foreign market for refined groundnut oil exports from China, comprising 90% of total exports. The second position in the ranking was taken by the United States ($71K), with a 3.8% share of total exports.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Hong Kong SAR amounted to -4.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+21.5% per month) and Malaysia (-22.6% per month).
This report provides an in-depth analysis of the refined groundnut oil market in China. 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
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 China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
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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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
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This report provides an in-depth analysis of the refined groundnut oil market in China.
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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 refined groundnut oil market in China.
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In value terms, refined groundnut oil exports fell notably to $1.8M in April 2023.
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While imports in general experienced a significant decline, the import of Groundnut Oil saw a tremendous surge, reaching $37M in December 2023 in terms of value.
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In December 2022, the growth rate for the import of Groundnut Oil was at its highest, with a 60% increase compared to the previous month. In terms of value, Groundnut Oil imports reached $35 million in September 2023.
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During the period analyzed, imports of Crude Groundnut Oil reached a high of 281K tons in 2021. However, from 2022 to 2023, imports stayed at a lower level. In terms of value, crude groundnut oil imports saw a significant increase to $477M in 2023.
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During the period analyzed, there was a significant decline in imports, with crude groundnut oil imports reaching $37M in December 2023.
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Crude Groundnut Oil imports drastically decreased to $36M in June 2023 in terms of value.
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Explore the top import markets for groundnut oil and learn about the key players in the global market. Discover the demand trends and consumer preferences driving the industry.
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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.
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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.
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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
