Report Update Jan 1, 2025

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

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Finland: Crude Groundnut Oil Market 2025

Crude Groundnut Oil Market Size in Finland

After two years of decline, the Finnish crude groundnut oil market increased by 1,031% to $X in 2022. Over the period under review, consumption, however, recorded a drastic downturn. Crude groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Production in Finland

In value terms, crude groundnut oil production fell modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports from Finland

In 2022, approx. X tons of crude groundnut oil were exported from Finland; with a decrease of -50% against the previous year's figure. Overall, exports showed a significant curtailment. The exports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, crude groundnut oil exports shrank markedly to $X in 2022. In general, exports showed a dramatic setback. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for crude groundnut oil exports from Finland, with a approx. 100% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -50.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for crude groundnut oil exports from Finland.

From 2021 to 2022, the average annual growth rate of value to the Netherlands stood at -50.0%.

Export Prices by Country

In 2022, the average crude groundnut oil export price amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2021 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Crude Groundnut Oil Imports

Imports into Finland

Crude groundnut oil imports into Finland contracted remarkably to X kg in 2022, waning by -41% on the previous year. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 when imports increased by 318% against the previous year. As a result, imports attained the peak of X kg. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude groundnut oil imports contracted sharply to $X in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 304% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Austria (X kg) constituted the largest supplier of crude groundnut oil to Finland, with a 84% share of total imports. Moreover, crude groundnut oil imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.0% per year) and the Netherlands (-35.6% per year).

In value terms, Austria ($X) constituted the largest supplier of crude groundnut oil to Finland, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.5% per year) and the Netherlands (-23.7% per year).

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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, accounting for 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was occupied by India, with a 5.2% share.

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

The country with the largest volume of crude groundnut oil production was China, comprising approx. 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 Finland?

In value terms, Austria constituted the largest supplier of crude groundnut oil to Finland, comprising 92% of total imports. The second position in the ranking was occupied by Germany $312), with a 6.3% share of total imports.

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

In 2021, the average crude groundnut oil export price amounted to $3,385 per ton, approximately equating the previous year.

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

In 2021, the average crude groundnut oil import price amounted to $11,675 per ton, reducing by -8.9% against the previous year.

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

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024