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Report World - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size

The global crude groundnut oil market stood at $X in 2022, rising by 3.7% against the previous year. Over the period under review, consumption, however, saw a perceptible decline. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Groundnut Oil Production

In value terms, crude groundnut oil production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports

In 2022, shipments abroad of crude groundnut oil decreased by -51.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 106%. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, crude groundnut oil exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 79%. The global exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Brazil was the major exporting country with an export of about X tons, which resulted at 45% of total exports. India (X tons) ranks second in terms of the total exports with a 24% share, followed by Argentina (14%) and Nicaragua (7.2%). Senegal (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Iraq (with a CAGR of +82.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest crude groundnut oil supplying countries worldwide were Brazil ($X), India ($X) and Argentina ($X), together comprising 85% of global exports. Nicaragua, Senegal and Iraq lagged somewhat behind, together comprising a further 11%.

Among the main exporting countries, Iraq, with a CAGR of +66.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, increasing by 44% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 48%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.3%), while the other global leaders experienced a decline in the export price figures.

Crude Groundnut Oil Imports

Imports

In 2022, after five years of growth, there was significant decline in purchases abroad of crude groundnut oil, when their volume decreased by -11% to X tons. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Over the period under review, global imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, crude groundnut oil imports declined to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. Global imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China was the major importing country with an import of about X tons, which reached 68% of total imports. It was distantly followed by Italy (X tons) and the United States (X tons), together creating an 18% share of total imports. The Netherlands (X tons), Belgium (X tons) and France (X tons) held a minor share of total imports.

Imports into China increased at an average annual rate of +14.0% from 2012 to 2022. At the same time, the Netherlands (+59.8%), the United States (+14.0%) and Italy (+2.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +59.8% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands and the United States increased by +25, +4.1 and +2.8 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported crude groundnut oil worldwide, comprising 67% of global imports. The second position in the ranking was taken by Italy ($X), with a 10% share of global imports. It was followed by the United States, with a 7.7% share.

In China, crude groundnut oil imports expanded at an average annual rate of +11.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+0.2% per year) and the United States (+13.0% per year).

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, dropping by -1.5% against the previous year. In general, the import price showed a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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. India ranked third in terms of total consumption with a 5.2% share.
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. The third position in this ranking was occupied by India, with a 7% share.
In value terms, the largest crude groundnut oil supplying countries worldwide were India, South Africa and Brazil, together comprising 69% of global exports.
In value terms, China constitutes the largest market for imported crude groundnut oil worldwide, comprising 62% of global imports. The second position in the ranking was occupied by Italy, with a 14% share of global imports. It was followed by the United States, with a 9.4% share.
In 2021, the average crude groundnut oil export price amounted to $1,141 per ton, waning by -27.3% against the previous year.
In 2021, the average crude groundnut oil import price amounted to $1,622 per ton, leveling off at the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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