Report Update Nov 1, 2024

Ireland - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Ireland

The Irish refined groundnut oil market fell to $X in 2021, with a decrease of -2.3% against the previous year. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Refined Groundnut Oil Production in Ireland

In value terms, refined groundnut oil production dropped to $X in 2021 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 233%. Refined groundnut oil production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Refined Groundnut Oil Exports

Exports from Ireland

In 2021, refined groundnut oil exports from Ireland was estimated at X kg, almost unchanged from 2020 figures. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 608% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, refined groundnut oil exports stood at $X in 2021. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 360% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for refined groundnut oil exports from Ireland, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to the UK amounted to +62.0%.

From 2013 to 2021, the average annual growth rate of value to the UK totaled +19.2%.

Export Prices by Country

The average refined groundnut oil export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 9.4% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the rate of growth in terms of prices for the UK amounted to -27.9% per year.

Refined Groundnut Oil Imports

Imports into Ireland

In 2021, supplies from abroad of refined groundnut oil increased by 230% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, faced a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, refined groundnut oil imports skyrocketed to $X in 2021. In general, imports, however, showed a deep reduction. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of refined groundnut oil to Ireland, accounting for a 71% share of total imports. Moreover, refined groundnut oil imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.0% per year) and Senegal (0.0% per year).

In value terms, the largest refined groundnut oil suppliers to Ireland were the UK ($X), France ($X) and Senegal ($X), together accounting for 100% of total imports.

In terms of the main suppliers, France, with a CAGR of +1.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average refined groundnut oil import price stood at $X per ton in 2021, falling by -25.8% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 59%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 30% of global consumption. Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico lagged somewhat behind, together accounting for a further 24%.

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

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 32% share of global production. Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of refined groundnut oil to Ireland?

In value terms, the largest refined groundnut oil suppliers to Ireland were the UK, France and Senegal, together comprising 100% of total imports.

What is the average export price for refined groundnut oil in Ireland?

The average refined groundnut oil export price stood at $8,719 per ton in 2021, approximately reflecting the previous year.

What is the average import price for refined groundnut oil in Ireland?

In 2021, the average refined groundnut oil import price amounted to $4,383 per ton, surging by 28% against the previous year.

This report provides an in-depth analysis of the refined groundnut oil market in Ireland. 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:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

Country coverage:

Ireland

Data coverage:

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