Paraguay: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Paraguay

The revenue of the ground-nut oil market in Paraguay amounted to $X in 2018, going down by -X% against the previous year. In general, ground-nut oil consumption continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, the ground-nut oil market attained its peak level of $X. From 2011 to 2018, the growth of the ground-nut oil market remained at a somewhat lower figure.

Ground-Nut Oil Production in Paraguay

In value terms, ground-nut oil production totaled $X in 2018 estimated in export prices. Overall, ground-nut oil production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, ground-nut oil production reached its peak level of $X. From 2011 to 2018, ground-nut oil production growth failed to regain its momentum.

Ground-Nut Oil Exports

Exports from Paraguay

In 2018, approx. X tons of ground-nut oil were exported from Paraguay; increasing by X% against the previous year. Overall, ground-nut oil exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, ground-nut oil exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, ground-nut oil exports stood at $X in 2018. In general, ground-nut oil exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, ground-nut oil exports reached their peak and are likely to continue its growth in the immediate term.

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) took an X% share (based on tons) of total exports, which put it in second place, followed by Iran (X%), Nicaragua (X%) and India (X%). Belgium (X tons) took a minor 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 Paraguay were Argentina ($X), Brazil ($X) and Senegal ($X), together accounting for X% of total exports. These countries were followed by Nicaragua, India, Iran, Belgium and Paraguay, which together accounted for a further X the main exporting countries, Iran (+X% per year) experienced the highest rates of growth with regard to 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 Paraguay stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the ground-nut oil export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. In that year, the export prices for ground-nut oil attained their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for ground-nut oil remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Paraguay

In 2018, the amount of ground-nut oil imported into Paraguay totaled X tons, increasing by X% against the previous year. Over the period under review, the total imports indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ground-nut oil imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Paraguay imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, ground-nut oil imports amounted to $X in 2018. Over the period under review, ground-nut oil imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Paraguay imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

China (X tons) and Lebanon (X tons) were the key importers of ground-nut oil in 2018, resulting at approx. X% and X% of total imports, respectively. Italy (X tons) held the next position in the ranking, followed by the U.S. (X tons). All these countries together occupied 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) held a little 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 Paraguay 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 Paraguay, which together accounted for a further X terms of the main importing countries, Sudan experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The ground-nut oil import price in Paraguay stood at $X per ton in 2018, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, the import prices for ground-nut oil reached their maximum in 2018 and is likely to see steady growth in the immediate term.

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