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Report Australia and Oceania - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Australia and Oceania

The refined groundnut oil market in Australia and Oceania declined sharply to $X in 2021, waning by -19.1% against the previous year. In general, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Refined Groundnut Oil Production in Australia and Oceania

In value terms, refined groundnut oil production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 299% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports in Australia and Oceania

In 2021, overseas shipments of refined groundnut oil were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 235%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, refined groundnut oil exports soared to $X in 2021. In general, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 143% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the major exporting country with an export of around X tons, which reached 64% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of +9.4%).

In value terms, the largest refined groundnut oil supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Among the main exporting countries, New Zealand, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, dropping by -11.9% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 61% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+16.7%).

Refined Groundnut Oil Imports

Imports in Australia and Oceania

For the fifth consecutive year, Australia and Oceania recorded decline in purchases abroad of refined groundnut oil, which decreased by -3.1% to X tons in 2021. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 27%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, refined groundnut oil imports totaled $X in 2021. Over the period under review, imports saw a drastic downturn. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Australia was the largest importing country with an import of around X tons, which resulted at 60% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by French Polynesia (X tons). All these countries together took near 36% share of total imports.

Australia was also the fastest-growing in terms of the refined groundnut oil imports, with a CAGR of -9.5% from 2012 to 2021. New Zealand (-10.6%) and French Polynesia (-21.8%) illustrated a downward trend over the same period. Australia (+14 p.p.) and New Zealand (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while French Polynesia saw its share reduced by -14.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported refined groundnut oil in Australia and Oceania, comprising 61% of total imports. The second position in the ranking was held by New Zealand ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -3.4%. In the other countries, the average annual rates were as follows: New Zealand (-15.1% per year) and French Polynesia (-22.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, increasing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Australia constituted the country with the largest volume of refined groundnut oil consumption, comprising approx. 61% of total volume. Moreover, refined groundnut oil consumption in Australia exceeded the figures recorded by the second-largest consumer, Papua New Guinea, threefold.
The country with the largest volume of refined groundnut oil production was Australia, comprising approx. 61% of total volume. Moreover, refined groundnut oil production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea, threefold.
In value terms, Australia, New Zealand and Fiji constituted the countries with the highest levels of exports in 2021.
In value terms, Australia constitutes the largest market for imported refined groundnut oil in Australia and Oceania, comprising 60% of total imports. The second position in the ranking was occupied by New Zealand, with a 24% share of total imports. It was followed by French Polynesia, with a 12% share.
In 2021, the export price in Australia and Oceania amounted to $5,870 per ton, which is down by -32.7% against the previous year.
The import price in Australia and Oceania stood at $3,395 per ton in 2021, surging by 5.4% against the previous year.

This report provides an in-depth analysis of the refined groundnut oil market in Australia and Oceania. 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:

  • Australia
  • Cook Islands
  • Fiji
  • French Polynesia
  • Kiribati
  • Marshall Islands
  • Micronesia
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tokelau
  • Tonga
  • Tuvalu
  • Vanuatu
  • Wallis and Futuna Islands
  • American Samoa
  • Nauru
  • Niue
  • Guam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • 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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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