Report Update Nov 1, 2024

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

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Greece: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Greece

The Greek crude groundnut oil market contracted modestly to $X in 2022, leveling off at the previous year. In general, consumption saw a noticeable shrinkage. Crude groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Groundnut Oil Production in Greece

In value terms, crude groundnut oil production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 202%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports from Greece

After two years of decline, overseas shipments of crude groundnut oil decreased by 0% to X kg in 2022. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 8,419%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude groundnut oil exports totaled $X in 2022. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 8,513%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X kg) was the main destination for crude groundnut oil exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +5.5%.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria amounted to +11.6%.

Export Prices by Country

In 2022, the average crude groundnut oil export price amounted to $X per ton, approximately equating the previous year. In general, the export price continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +5.8% per year.

Crude Groundnut Oil Imports

Imports into Greece

In 2022, overseas purchases of crude groundnut oil increased by 4,700% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 8,314% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, crude groundnut oil imports surged to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 4,524%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X tons) was the main crude groundnut oil supplier to Greece, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to +9.3%.

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

From 2012 to 2022, the average annual growth rate of value from Bulgaria was relatively modest.

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, waning by -17.9% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 51%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -1.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of crude groundnut oil consumption, 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.

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, 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.

What are the leading suppliers of crude groundnut oil to Greece?

In value terms, Germany $153) constituted the largest supplier of crude groundnut oil to Greece.

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

In value terms, Cyprus $662) emerged as the key foreign market for crude groundnut oil exports from Greece, comprising 82% of total exports. The second position in the ranking was occupied by Germany $135), with a 17% share of total exports.

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

In 2019, the average crude groundnut oil export price amounted to $1,126 per ton, with a decrease of -24.8% against the previous year.

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

The average crude groundnut oil import price stood at $19,084 per ton in 2021, rising by 153% against the previous year.

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

Greece

Data coverage:

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