U.S. - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined groundnut oil Price in United States - 2023
Contents:
- Price Forecast for Refined Groundnut Oil in the United States till 2025
- Refined groundnut oil Price in United States (FOB) - 2023
- Refined groundnut oil Price in United States (CIF) - 2023
- United States Refined groundnut oil Exports
- United States Refined groundnut oil Imports
Price Forecast for Refined Groundnut Oil in the United States till 2025
Refined groundnut oil Price in United States (FOB) - 2023
The average refined groundnut oil export price stood at $3,245 per ton in March 2023, flattening at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 13% against the previous month. As a result, the export price attained the peak level of $3,529 per ton. From January 2023 to March 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In March 2023, the country with the highest price was Canada ($3,224 per ton), while the average price for exports to Hong Kong SAR amounted to $3,175 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined groundnut oil Price in United States (CIF) - 2023
The average refined groundnut oil import price stood at $3,866 per ton in March 2023, picking up by 9.1% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in May 2022 an increase of 20% m-o-m. The import price peaked at $4,243 per ton in June 2022; however, from July 2022 to March 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Mexico ($6,930 per ton), while the price for India ($3,651 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
United States Refined groundnut oil Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Canada | 3.7 | 3.8 | 5.1 | 6.4 | 20.0% |
| Hong Kong SAR | 0.2 | 1.3 | 2.2 | 2.9 | 143.8% |
| Brazil | 0.4 | 0.1 | 0.3 | 1.3 | 48.1% |
| Singapore | N/A | N/A | N/A | 0.3 | 0% |
| United Arab Emirates | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.8 | 0.8 | 0.9 | 0.6 | -9.1% |
| Total | 5.5 | 6.1 | 8.5 | 11.4 | 27.5% |
Top Export Markets for Refined groundnut oil from United States 2022:
- Canada (1994.1 tons)
- Hong Kong SAR (1002.7 tons)
- Brazil (344.7 tons)
- Singapore (99.0 tons)
For the fourth consecutive year, the United States recorded growth in overseas shipments of refined groundnut oil, which increased by 3.1% to 3.6K tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, refined groundnut oil exports soared to $11M in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
United States Refined groundnut oil Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Thousand USD | |||||
| India | 534 | 1,092 | 963 | 1,897 | 52.6% |
| Hong Kong SAR | 891 | 1,284 | 1,145 | 1,158 | 9.1% |
| China | 517 | 473 | 168 | 366 | -10.9% |
| Mexico | 101 | 59.8 | 295 | 268 | 38.4% |
| Taiwan (Chinese) | 66.3 | 77.9 | 56.6 | 96.0 | 13.1% |
| Others | 171 | 85.0 | 16.3 | 148 | -4.7% |
| Total | 2,280 | 3,071 | 2,644 | 3,933 | 19.9% |
Top Suppliers of Refined groundnut oil to United States 2022:
- India (558.5 tons)
- Hong Kong SAR (254.6 tons)
- China (125.1 tons)
- Mexico (104.6 tons)
- Taiwan (Chinese) (22.3 tons)
In 2022, supplies from abroad of refined groundnut oil was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined groundnut oil imports skyrocketed to $3.9M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
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
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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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 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 global refined groundnut oil market.
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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 refined groundnut oil market in the U.S..
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This report provides an in-depth analysis of the groundnut oil market in the U.S..
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In value terms, refined groundnut oil exports fell rapidly to $1.1M in March 2023
228
In terms of value, the imports of Groundnut Oil dropped to $356K in June 2023.
818
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
313
In value terms, refined groundnut oil exports fell rapidly to $1.1M in March 2023
228
In terms of value, the imports of Groundnut Oil dropped to $356K in June 2023.
818
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
