Report Update Nov 1, 2024

Austria - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Austria: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Austria

The Austrian crude groundnut oil market rose remarkably to $X in 2022, picking up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Crude Groundnut Oil Exports

Exports from Austria

In 2022, the amount of crude groundnut oil exported from Austria contracted dramatically to X tons, reducing by -30.5% compared with the previous year. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports contracted notably to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for crude groundnut oil exports from Austria, accounting for a 95% share of total exports. Moreover, crude groundnut oil exports to Germany exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -9.5%.

In value terms, Germany ($X) remains the key foreign market for crude groundnut oil exports from Austria, comprising 90% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -12.7%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, waning by -23.6% against the previous year. Overall, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 50%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.7%).

Crude Groundnut Oil Imports

Imports into Austria

For the third consecutive year, Austria recorded growth in purchases abroad of crude groundnut oil, which increased by 22% to X tons in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 597% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, crude groundnut oil imports fell to $X in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 455%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of crude groundnut oil to Austria, with a 85% share of total imports. Moreover, crude groundnut oil imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +27.5%.

In value terms, Germany ($X) constituted the largest supplier of crude groundnut oil to Austria, comprising 86% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.9%.

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, declining by -26.7% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?

China constituted the country with the largest volume of crude groundnut oil consumption, accounting for 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of crude groundnut oil in the world?

China remains the largest crude groundnut oil producing country worldwide, comprising approx. 39% of total volume. Moreover, crude groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. India ranked third in terms of total production with a 7% share.

What are the leading suppliers of crude groundnut oil to Austria?

In value terms, Germany constituted the largest supplier of crude groundnut oil to Austria, comprising 91% of total imports. The second position in the ranking was occupied by the Netherlands, with an 8.6% share of total imports.

What are the leading importers of crude groundnut oil from Austria?

In value terms, Germany remains the key foreign market for crude groundnut oil exports from Austria, comprising 75% of total exports. The second position in the ranking was occupied by Switzerland, with a 22% share of total exports.

What is the average export price for crude groundnut oil in Austria?

In 2021, the average crude groundnut oil export price amounted to $12,515 per ton, picking up by 6.4% against the previous year.

What is the average import price for crude groundnut oil in Austria?

The average crude groundnut oil import price stood at $4,387 per ton in 2021, which is down by -15.2% against the previous year.

This report provides an in-depth analysis of the crude groundnut oil market in Austria. 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:

Austria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Austria
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023