Report Update Nov 1, 2024

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

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Russian Federation: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in the Russian Federation

In 2022, the Russian crude groundnut oil market increased by 3.4% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Crude Groundnut Oil Production in the Russian Federation

In value terms, crude groundnut oil production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 290%. Crude groundnut oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crude Groundnut Oil Exports

Exports from the Russian Federation

For the sixth consecutive year, Russia recorded growth in shipments abroad of crude groundnut oil, which increased by 25% to X kg in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 246% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, crude groundnut oil exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 226% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X kg) was the main destination for crude groundnut oil exports from Russia, accounting for a 84% share of total exports. Moreover, crude groundnut oil exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X kg), fivefold.

From 2013 to 2021, the average annual growth rate of volume to Kazakhstan amounted to +24.6%.

In value terms, Kazakhstan ($X) emerged as the key foreign market for crude groundnut oil exports from Russia, comprising 69% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 31% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Kazakhstan totaled +25.4%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2021, rising by 3.7% against the previous year. Over the last eight-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Groundnut Oil Imports

Imports into the Russian Federation

In 2022, after two years of decline, there was significant growth in supplies from abroad of crude groundnut oil, when their volume increased by 50% to X tons. In general, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of 214% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude groundnut oil imports contracted to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 219%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons) and Egypt (X tons) were the main suppliers of crude groundnut oil imports to Russia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +14.6%).

In value terms, France ($X) constituted the largest supplier of crude groundnut oil to Russia, comprising 69% of total imports. The second position in the ranking was taken by Egypt ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +17.1%.

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, falling by -42.1% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of crude groundnut oil consumption was China, 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. India ranked third in terms of total production with a 7% share.

What are the leading suppliers of crude groundnut oil to the Russian Federation?

In value terms, the largest crude groundnut oil suppliers to Russia were Slovenia, Ukraine and France.

What are the leading importers of crude groundnut oil from the Russian Federation?

In value terms, Kazakhstan emerged as the key foreign market for crude groundnut oil exports from Russia, comprising 69% of total exports. The second position in the ranking was occupied by Ukraine $634), with a 31% share of total exports.

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

In 2021, the average crude groundnut oil export price amounted to $5,466 per ton, surging by 3.4% against the previous year.

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

In 2021, the average crude groundnut oil import price amounted to $4,617 per ton, rising by 44% against the previous year.

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

Russia

Data coverage:

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