Ethiopia: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Ethiopia

The revenue of the ground-nut oil market in Ethiopia amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, ground-nut oil consumption continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the ground-nut oil market reached its peak level of $X. From 2013 to 2018, the growth of the ground-nut oil market remained at a lower figure.

Ground-Nut Oil Production in Ethiopia

In value terms, ground-nut oil production totaled $X in 2018 estimated in export prices. In general, ground-nut oil production continues to indicate an abrupt setback. The pace of growth was the most pronounced in 2012 when production volume increased by X% y-o-y. In that year, ground-nut oil production attained its peak level of $X. From 2013 to 2018, ground-nut oil production growth remained at a lower figure.

Ground-Nut Oil Exports

Exports from Ethiopia

Ground-nut oil exports from Ethiopia stood at X kg in 2018, remaining stable against the previous year. Over the period under review, ground-nut oil exports continue to indicate a dramatic deduction. In that year, ground-nut oil exports attained their peak of X tons. From 2009 to 2018, the growth of ground-nut oil exports failed to regain its momentum.

In value terms, ground-nut oil exports stood at $X in 2018. Overall, ground-nut oil exports continue to indicate a dramatic downturn. In that year, ground-nut oil exports attained their peak of $X. From 2009 to 2018, the growth of ground-nut oil exports remained at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented roughly X% of total exports of ground-nut oil in 2018. It was distantly followed by Senegal (X tons), Iran (X tons), Nicaragua (X tons) and India (X tons), together generating a X% share of total exports. Belgium (X tons) held a little share of total exports.

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, Argentina ($X), Brazil ($X) and Senegal ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Nicaragua, India, Iran and Belgium, which together accounted for a further X terms of the main exporting countries, Iran (+X% per year) recorded the highest growth rate of 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 Ethiopia stood at $X per ton in 2018, flattening at the previous year. In general, the ground-nut oil export price continues to indicate a mild deduction. In that year, the export prices for ground-nut oil attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for ground-nut oil remained at a 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 Ethiopia

In 2018, the ground-nut oil imports into Ethiopia totaled X kg, coming down by -X% against the previous year. In general, ground-nut oil imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. In that year, ground-nut oil imports attained their peak of X tons. From 2009 to 2018, the growth of ground-nut oil imports remained at a lower figure.

In value terms, ground-nut oil imports totaled $X in 2018. Overall, ground-nut oil imports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Ethiopia imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons) and Lebanon (X tons) represented the key importers of ground-nut oilin the world, together recording approx. X% of total imports. It was distantly followed by Italy (X tons) and the U.S. (X tons), together constituting a X% share of total imports. The Netherlands (X tons), France (X tons), China, Hong Kong SAR (X tons), Sudan (X tons), Benin (X tons) and Switzerland (X tons) held 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 Ethiopia were Lebanon ($X), China ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by the U.S., the Netherlands, China, Hong Kong SAR, France, Switzerland, Sudan, Benin and Ethiopia, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ground-nut oil import price in Ethiopia amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price indicated a remarkable increase from 2007 to 2018: its price 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. Based on 2018 figures, ground-nut oil import price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the import prices for ground-nut oil attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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