Report Update Nov 1, 2024

Croatia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Groundnut Oil Market 2024

Groundnut Oil Market Size in Croatia

In 2021, the Croatian groundnut oil market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption posted a moderate increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Groundnut Oil Exports

Exports from Croatia

In 2020, groundnut oil exports from Croatia skyrocketed to X tons, increasing by 7,100% compared with 2019. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil exports skyrocketed to $X in 2020. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for groundnut oil exports from Croatia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Bosnia and Herzegovina totaled +179.8%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for groundnut oil exports from Croatia.

From 2012 to 2020, the average annual growth rate of value to Bosnia and Herzegovina amounted to +179.8%.

Export Prices by Country

In 2020, the average groundnut oil export price amounted to $X per ton, reducing by -14.4% against the previous year. In general, the export price recorded a perceptible slump. The growth pace was the most rapid in 2016 an increase of 129%. The export price peaked at $X per ton in 2017; however, from 2018 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 Bosnia and Herzegovina.

From 2012 to 2020, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +1.9% per year.

Groundnut Oil Imports

Imports into Croatia

In 2021, supplies from abroad of groundnut oil decreased by -3.3% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, posted a temperate increase. The growth pace was the most rapid in 2017 with an increase of 103%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, groundnut oil imports skyrocketed to $X in 2021. Overall, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 154% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) was the main supplier of groundnut oil to Croatia, with a 97% share of total imports. It was followed by the Netherlands (X kg), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.0% per year) and Slovenia (-11.5% per year).

In value terms, Italy ($X) constituted the largest supplier of groundnut oil to Croatia, comprising 93% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.9% per year) and Slovenia (-21.8% per year).

Import Prices by Country

The average groundnut oil import price stood at $X per ton in 2021, surging by 22% against the previous year. In general, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of groundnut oil consumption, comprising approx. 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. Sudan ranked third in terms of total consumption with a 4.5% share.

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

The country with the largest volume of groundnut oil production was China, comprising approx. 41% of total volume. Moreover, 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 6.9% share.

What are the leading suppliers of groundnut oil to Croatia?

In value terms, Italy constituted the largest supplier of groundnut oil to Croatia, comprising 92% of total imports. The second position in the ranking was occupied by the Netherlands, with a 5.8% share of total imports.

What are the leading importers of groundnut oil from Croatia?

In value terms, Bosnia and Herzegovina remains the key foreign market for groundnut oil exports from Croatia.

What is the average export price for groundnut oil in Croatia?

The average groundnut oil export price stood at $2,611 per ton in 2020, with a decrease of -14.4% against the previous year.

What is the average import price for groundnut oil in Croatia?

In 2020, the average groundnut oil import price amounted to $2,016 per ton, with an increase of 7.5% against the previous year.

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

Croatia

Data coverage:

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