Report Malaysia - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2025

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

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Malaysia: Refined Groundnut Oil Market 2025

Refined Groundnut Oil Market Size in Malaysia

In 2021, the Malaysian refined groundnut oil market decreased by -1% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption recorded a remarkable increase. Refined groundnut oil consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Refined Groundnut Oil Production in Malaysia

In value terms, refined groundnut oil production reached $X in 2021 estimated in export price. In general, production posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 54%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Refined Groundnut Oil Exports

Exports from Malaysia

In 2021, exports of refined groundnut oil from Malaysia expanded markedly to X tons, growing by 13% on 2020. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 412%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, refined groundnut oil exports surged to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 478% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for refined groundnut oil exports from Malaysia, with a 84% share of total exports. Moreover, refined groundnut oil exports to Singapore exceeded the volume sent to the second major destination, New Zealand (X tons), tenfold. The third position in this ranking was held by Japan (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +118.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-2.6% per year) and Japan (0.0% per year).

In value terms, Singapore ($X) remains the key foreign market for refined groundnut oil exports from Malaysia, comprising 82% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total exports. It was followed by Japan, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +126.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+7.3% per year) and Japan (0.0% per year).

Export Prices by Country

The average refined groundnut oil export price stood at $X per ton in 2021, surging by 14% against the previous year. Overall, the export price saw a perceptible expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 105% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Groundnut Oil Imports

Imports into Malaysia

In 2021, after three years of growth, there was significant decline in purchases abroad of refined groundnut oil, when their volume decreased by -25.1% to X tons. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, refined groundnut oil imports contracted to $X in 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main refined groundnut oil supplier to Malaysia, accounting for a 95% share of total imports. It was followed by Hong Kong SAR (X tons), with a 2% share of total imports. The third position in this ranking was taken by the United States (X tons), with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-17.8% per year) and the United States (-38.1% per year).

In value terms, China ($X) constituted the largest supplier of refined groundnut oil to Malaysia, comprising 94% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 2.9% share of total imports. It was followed by the United States, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.5% per year) and the United States (-36.0% per year).

Import Prices by Country

The average refined groundnut oil import price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 30% of global consumption. These countries were followed by Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico, which together accounted for a further 24%.
The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 32% share of global production. These countries were followed by Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico, which together accounted for a further 25%.
In value terms, China constituted the largest supplier of refined groundnut oil to Malaysia.
In value terms, Singapore remains the key foreign market for refined groundnut oil exports from Malaysia, comprising 82% of total exports. The second position in the ranking was occupied by New Zealand, with an 11% share of total exports. It was followed by Japan, with a 6.2% share.
The average refined groundnut oil export price stood at $3,001 per ton in 2021, with an increase of 14% against the previous year.
In 2021, the average refined groundnut oil import price amounted to $2,562 per ton, surging by 14% against the previous year.

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

  • Malaysia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Malaysia
  • 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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 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, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024

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