Colombia: Market for Ground-Nut Oil And Its Fractions 2019

Exports of Ground-Nut Oil And Its Fractions from Colombia

In 2017, approx. X kg of ground-nut oil and its fractions were exported from Colombia; dropping by -X% against the previous year. Overall, exports of ground-nut oil and its fractions continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. Over the period under review, the exports of ground-nut oil and its fractions reached its peak figure volume of X kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, exports of ground-nut oil and its fractions totaled $X in 2017. In general, exports of ground-nut oil and its fractions continue to indicate a deep slump. Over the period under review, the exports of ground-nut oil and its fractions reached its maximum level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Exports of Ground-Nut Oil And Its Fractions by Country from Colombia

Argentina was the key exporter of ground-nut oil and its fractions in the world, with the volume of exports recording X tons, which was near X% of total exports in 2017. Brazil (X tons) ranks second in terms of the global exports with a X% share, followed by China (X%), Nicaragua (X%), Senegal (X%) and Belgium (X%). The following exporters - India (X tons) and France (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to ground-nut oil and its fractions exports from Argentina stood at +X%. At the same time, Brazil (+X%), Nicaragua (+X%) and China (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, India (-X%), Belgium (-X%), France (-X%) and Senegal (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Senegal, Belgium and France increased by X%, X% and X% percentage points, while Nicaragua (-X%), China (-X%), Brazil (-X%) and Argentina (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ground-nut oil and its fractions markets worldwide were Argentina ($X), Brazil ($X) and Senegal ($X), together comprising X% of total exports.

Among the main exporting countries , Brazil (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices for Ground-Nut Oil And Its Fractions by Country in Colombia

In 2017, the export price for ground-nut oil and its fractions in Colombia amounted to $X per ton, leveling off at the previous year. Overall, export price for ground-nut oil and its fractions continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. In that year, the export prices for ground-nut oil and its fractions reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for ground-nut oil and its fractions stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Imports of Ground-Nut Oil And Its Fractions into Colombia

In 2017, the amount of ground-nut oil and its fractions imported into Colombia amounted to X tons, coming up by X% against the previous year. In general, imports of ground-nut oil and its fractions continue to indicate a remarkable growth. The growth pace was the most rapid in 2010, when imports increased by X% y-o-y. Colombia imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, imports of ground-nut oil and its fractions amounted to $X in 2017. In general, imports of ground-nut oil and its fractions continue to indicate a prominent growth. Over the period under review, the imports of ground-nut oil and its fractions reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Imports of Ground-Nut Oil And Its Fractions by Country into Colombia

China represented the main importing country with an import of about X tons, which amounted to X% of total imports. Italy (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the U.S. (X%), the Netherlands (X%) and France (X%). The following importers - China, Hong Kong SAR (X tons), Switzerland (X tons) and Belgium (X tons) together made up X% of total imports.

China was also the fastest growing in terms of the ground-nut oil and its fractions imports, with a CAGR of +X% from 2007 to 2017. At the same time, the Netherlands (+X%), the U.S. (+X%), Switzerland (+X%) and Italy (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%), France (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of France (X%) and Belgium (X%) increased significantly in terms of the global imports from 2007-2017, the share of Italy (-X%), the U.S. (-X%), the Netherlands (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ground-nut oil and its fractions into Colombia, making up X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

In China, imports of ground-nut oil and its fractions increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the U.S. (+X% per year).

Import Prices for Ground-Nut Oil And Its Fractions by Country in Colombia

In 2017, the import price for ground-nut oil and its fractions in Colombia amounted to $X per ton, waning by -X% against the previous year. In general, the import price indicated a tangible expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the import price for ground-nut oil and its fractions decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. In that year, the import prices for ground-nut oil and its fractions reached their peak level of $X per ton. From 2013 to 2017, growth of the import prices for ground-nut oil and its fractions stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China, Hong Kong SAR ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform