Guinea-Bissau: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Guinea-Bissau

The revenue of the ground-nut oil market in Guinea-Bissau amounted to $X in 2018, reducing by -X% against the previous year. In general, ground-nut oil consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, the ground-nut oil market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Ground-Nut Oil Production in Guinea-Bissau

In value terms, ground-nut oil production totaled $X in 2018 estimated in export prices. Overall, ground-nut oil production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Guinea-Bissau ground-nut oil production peaked at $X in 2017, and then declined slightly in the following year.

Ground-Nut Oil Exports

Exports from Guinea-Bissau

Ground-nut oil exports from Guinea-Bissau totaled X kg in 2018, reducing by -X% against the previous year. In general, ground-nut oil exports continue to indicate a precipitous decrease. Guinea-Bissau exports peaked at X kg in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, ground-nut oil exports stood at $X in 2018. Over the period under review, ground-nut oil exports continue to indicate a dramatic deduction. Over the period under review, ground-nut oil exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented roughly X% of total exports of ground-nut oil in 2018. Senegal (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%), Nicaragua (X%) and India (X%). Belgium (X tons) occupied 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, the largest ground-nut oil markets from Guinea-Bissau were Argentina ($X), Brazil ($X) and Senegal ($X), with a combined X% share of total exports. Nicaragua, India, Iran and Belgium lagged somewhat behind, together comprising a further X 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 Guinea-Bissau stood at $X per ton in 2018, falling by -X% against the previous year. Over the period under review, the ground-nut oil export price, however, continues to indicate a skyrocketing expansion. Guinea-Bissau export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; 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 Guinea-Bissau

In 2018, the amount of ground-nut oil imported into Guinea-Bissau stood at X tons, jumping by X% against the previous year. Over the period under review, ground-nut oil imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Guinea-Bissau imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, ground-nut oil imports stood at $X in 2018. Over the period under review, ground-nut oil imports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, ground-nut oil imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

China (X tons) and Lebanon (X tons) were the key importers of ground-nut oil in 2018, finishing at approx. X% and X% of total imports, respectively. Italy (X tons) occupied the next position in the ranking, followed by the U.S. (X tons). All these countries together took approx. 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) took 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 Guinea-Bissau 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 Guinea-Bissau, which together accounted for a further X experienced the highest growth rate of imports, among 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 Guinea-Bissau amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the ground-nut oil import price continues to indicate an abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Guinea-Bissau import price peaked at $X per ton in 2012; however, from 2013 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