Report Update Nov 1, 2024

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

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Belarus: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Belarus

In 2022, the Belarusian crude groundnut oil market decreased by -20.7% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted notably in the following year.

Crude Groundnut Oil Exports

Exports from Belarus

Crude groundnut oil exports from Belarus amounted to X kg in 2020, almost unchanged from the previous year. Overall, exports recorded a precipitous descent. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the peak figure at X kg in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, crude groundnut oil exports amounted to $X in 2020. Over the period under review, exports showed a sharp contraction. The smallest decline of 99.9% was in 2019. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for crude groundnut oil exports from Belarus, accounting for a approx. 100% share of total exports.

From 2018 to 2020, the average annual rate of growth in terms of volume to Russia stood at -71.7%.

From 2018 to 2020, the average annual growth rate of value to Russia totaled -75.1%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2020, stabilizing at the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2019 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2018 to 2020, the rate of growth in terms of prices for Russia amounted to -12.0% per year.

Crude Groundnut Oil Imports

Imports into Belarus

In 2022, overseas purchases of crude groundnut oil decreased by -18% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 427% against the previous year. Imports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, crude groundnut oil imports dropped significantly to $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 279% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Germany (X kg), France (X kg) and the United States (X kg) were the main suppliers of crude groundnut oil imports to Belarus, together accounting for 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Russia ($X) were the largest crude groundnut oil suppliers to Belarus, with a combined 65% share of total imports.

Among the main suppliers, Germany, with a CAGR of +39.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, waning by -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of crude groundnut oil consumption was China, comprising approx. 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?

The country with the largest volume of crude groundnut oil production was China, accounting for 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 Belarus?

In value terms, Russia, France and Germany were the largest crude groundnut oil suppliers to Belarus, together accounting for 85% of total imports. Lithuania and the United States lagged somewhat behind, together accounting for a further 15%.

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

The average crude groundnut oil export price stood at $5,000 per ton in 2020, remaining relatively unchanged against the previous year.

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

The average crude groundnut oil import price stood at $5,622 per ton in 2021, growing by 17% against the previous year.

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

Belarus

Data coverage:

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