Report Update Nov 1, 2024

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

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Egypt: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Egypt

The Egyptian crude groundnut oil market soared to $X in 2022, jumping by 16% against the previous year. In general, consumption, however, showed a mild shrinkage. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Crude Groundnut Oil Production in Egypt

In value terms, crude groundnut oil production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 125% against the previous year. Crude groundnut oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Groundnut Oil Exports

Exports from Egypt

Crude groundnut oil exports from Egypt surged to X tons in 2022, jumping by 32% against 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 692%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, crude groundnut oil exports surged to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 323% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and the Netherlands (X tons) were the main destinations of crude groundnut oil exports from Egypt, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +39.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the Netherlands ($X) and Qatar ($X) constituted the largest markets for crude groundnut oil exported from Egypt worldwide, with a combined 99.9% share of total exports.

Qatar, with a CAGR of +63.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, falling by -12.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+17.0%), while the prices for the other major destinations experienced a decline.

Crude Groundnut Oil Imports

Imports into Egypt

For the third consecutive year, Egypt recorded growth in supplies from abroad of crude groundnut oil, which increased by 154% to X tons in 2016. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude groundnut oil imports soared to $X in 2016. Overall, imports enjoyed mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2016, Kuwait (X tons) was the main crude groundnut oil supplier to Egypt, with a approx. 100% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of volume from Kuwait was relatively modest.

In value terms, Kuwait ($X) constituted the largest supplier of crude groundnut oil to Egypt.

From 2012 to 2016, the average annual rate of growth in terms of value from Kuwait was relatively modest.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2016, with a decrease of -43.1% against the previous year. In general, the import price showed a precipitous setback. The most prominent rate of growth was recorded in 2015 when the average import price decreased by -24.6%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest crude groundnut oil consuming country worldwide, comprising approx. 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. India ranked third in terms of total consumption with a 5.2% share.

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

China remains the largest crude groundnut oil producing country worldwide, 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 Egypt?

In value terms, Kuwait constituted the largest supplier of crude groundnut oil to Egypt.

What are the leading importers of crude groundnut oil from Egypt?

In value terms, Libya emerged as the key foreign market for crude groundnut oil exports from Egypt, comprising 77% of total exports. The second position in the ranking was occupied by Saudi Arabia, with a 23% share of total exports.

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

In 2021, the average crude groundnut oil export price amounted to $2,073 per ton, declining by -73.6% against the previous year.

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

In 2016, the average crude groundnut oil import price amounted to $652 per ton, which is down by -43.1% against the previous year.

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

Egypt

Data coverage:

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