Report Update Jan 1, 2025

Saudi Arabia - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Crude Groundnut Oil Market 2025

Crude Groundnut Oil Market Size in Saudi Arabia

The Saudi crude groundnut oil market contracted to $X in 2022, waning by -8.6% against the previous year. Over the period under review, consumption, however, continues to indicate perceptible growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Crude Groundnut Oil Production in Saudi Arabia

In value terms, crude groundnut oil production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 146%. Crude groundnut oil production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Crude Groundnut Oil Exports

Exports from Saudi Arabia

In 2021, overseas shipments of crude groundnut oil decreased by 0% to X kg for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, crude groundnut oil exports totaled $X in 2021. In general, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2016 with an increase of 198%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for crude groundnut oil exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -41.8%.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -40.9%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 128% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +47.6% per year.

Crude Groundnut Oil Imports

Imports into Saudi Arabia

In 2021, approx. X tons of crude groundnut oil were imported into Saudi Arabia; with an increase of 9,088% on 2020. Overall, imports, however, faced a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, crude groundnut oil imports skyrocketed to $X in 2021. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest crude groundnut oil supplier to Saudi Arabia, with a 72% share of total imports. Moreover, crude groundnut oil imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2013 to 2021, the average annual growth rate of volume from India stood at +6,547.5%.

In value terms, the United States ($X) constituted the largest supplier of crude groundnut oil to Saudi Arabia, comprising 92% of total imports. The second position in the ranking was held by India ($X), with a 6.9% share of total imports.

From 2013 to 2021, the average annual growth rate of value from the United States amounted to +7.2%.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2021, reducing by -83.1% against the previous year. In general, the import price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 a decrease of -3.5% against the previous year. The import price peaked at $X per ton in 2020, and then dropped notably in the following year.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+103.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest crude groundnut oil consuming country worldwide, accounting for 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was occupied by India, with a 5.2% share.

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

China constituted the country with the largest volume of crude groundnut oil production, comprising approx. 39% of total volume. Moreover, crude groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. The third position in this ranking was occupied by India, with a 7% share.

What are the leading suppliers of crude groundnut oil to Saudi Arabia?

In value terms, India constituted the largest supplier of crude groundnut oil to Saudi Arabia.

What is the average export price for crude groundnut oil in Saudi Arabia?

In 2018, the average crude groundnut oil export price amounted to $5,347 per ton, dropping by -20.4% against the previous year.

What is the average import price for crude groundnut oil in Saudi Arabia?

The average crude groundnut oil import price stood at $31,404 per ton in 2020, standing approx. at the previous year.

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

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 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 Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
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 Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
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 Of Destination, 2012–2024