Brazil: Crude Groundnut Oil Market 2025

Crude Groundnut Oil Market Size in Brazil

For the third consecutive year, the Brazilian crude groundnut oil market recorded decline in sales value, which decreased by -25.2% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Crude groundnut oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Crude Groundnut Oil Production in Brazil

In value terms, crude groundnut oil production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.3% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 47%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Crude Groundnut Oil Exports

Exports from Brazil

In 2022, the amount of crude groundnut oil exported from Brazil skyrocketed to X tons, jumping by 89% against the year before. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude groundnut oil exports surged to $X in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2020 when exports increased by 99%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for crude groundnut oil exports from Brazil, accounting for a 84% share of total exports. Moreover, crude groundnut oil exports to China exceeded the volume sent to the second major destination, Italy (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +25.3%.

In value terms, China ($X) remains the key foreign market for crude groundnut oil exports from Brazil, comprising 84% of total exports. The second position in the ranking was held by Italy ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled +22.7%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.1%).

Crude Groundnut Oil Imports

Imports into Brazil

In 2022, the amount of crude groundnut oil imported into Brazil shrank remarkably to X tons, dropping by -91.3% against 2021 figures. Over the period under review, imports, however, enjoyed a significant increase. The smallest decline of -50% was in 2013. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, crude groundnut oil imports declined markedly to $X in 2022. In general, imports, however, enjoyed resilient growth. The smallest decline of -54.3% was in 2013. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, the United States (X tons) was the main crude groundnut oil supplier to Brazil, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of crude groundnut oil to Brazil.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, surging by 175% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +33.1% per year.

Source: IndexBox Platform

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