Congo: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Congo

The revenue of the ground-nut oil market in Congo amounted to $X in 2018, coming down by -X% against the previous year. Overall, ground-nut oil consumption continues to indicate slight growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the ground-nut oil market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Ground-Nut Oil Production in Congo

In value terms, ground-nut oil production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a slight expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, ground-nut oil production attained its maximum level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Ground-Nut Oil Exports

Exports from Congo

Ground-nut oil exports from Congo stood at X tons in 2018, rising by X% against the previous year. Overall, ground-nut oil exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Congo exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, ground-nut oil exports totaled $X in 2018. Overall, ground-nut oil exports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Congo exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented the key exporters of ground-nut oil in 2018, accounting for near X% and X% of total exports, respectively. It was distantly followed by Senegal (X tons), Iran (X tons), Nicaragua (X tons) and India (X tons), together constituting a X% share of total exports. Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest ground-nut oil markets from Congo were Argentina ($X), Brazil ($X) and Senegal ($X), together comprising X% of total exports. These countries were followed by Nicaragua, India, Iran, Belgium and Congo, which together accounted for a further X terms of the main exporting countries, Iran (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The ground-nut oil export price in Congo stood at $X per ton in 2018, surging by X% against the previous year. In general, the ground-nut oil export price, however, continues to indicate a precipitous slump. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, the export prices for ground-nut oil reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nicaragua, while the other leaders experienced more modest paces of growth.

Ground-Nut Oil Imports

Imports into Congo

In 2018, the imports of ground-nut oil into Congo stood at X tons, shrinking by -X% against the previous year. Over the period under review, ground-nut oil imports continue to indicate a drastic slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, ground-nut oil imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, ground-nut oil imports amounted to $X in 2018. In general, ground-nut oil imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Congo imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

China (X tons) and Lebanon (X tons) represented roughly X% of total imports of ground-nut oil in 2018. Italy (X tons) ranks next in terms of the total imports with a X% share, followed by the U.S. (X%). The Netherlands (X tons), France (X tons), China, Hong Kong SAR (X tons), Sudan (X tons), Benin (X tons) and Switzerland (X tons) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Sudan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest ground-nut oil importing markets into Congo were Lebanon ($X), China ($X) and Italy ($X), together accounting for X% of total imports. The U.S., the Netherlands, China, Hong Kong SAR, France, Switzerland, Sudan, Benin and Congo lagged somewhat behind, together comprising a further X the main importing countries, Sudan recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ground-nut oil import price in Congo amounted to $X per ton, growing by X% against the previous year. Over the period under review, the ground-nut oil import price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. Over the period under review, the import prices for ground-nut oil reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform