
Saudi Arabia - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Refined Groundnut Oil Market 2025
Refined Groundnut Oil Market Size in Saudi Arabia
The Saudi refined groundnut oil market reduced to $X in 2021, remaining stable against the previous year. Overall, consumption posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.
Refined Groundnut Oil Production in Saudi Arabia
In value terms, refined groundnut oil production fell to $X in 2021 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Refined groundnut oil production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.
Refined Groundnut Oil Exports
Exports from Saudi Arabia
For the ninth consecutive year, Saudi Arabia recorded decline in overseas shipments of refined groundnut oil, which decreased by -26% to X tons in 2021. Overall, exports recorded a dramatic decline. The smallest decline of -13.5% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, refined groundnut oil exports declined sharply to $X in 2021. In general, exports saw a sharp shrinkage. The smallest decline of -20% was in 2016. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
The United Arab Emirates (X tons) was the main destination for refined groundnut oil exports from Saudi Arabia, accounting for a 96% share of total exports. It was followed by Oman (X tons), with a 3% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-57.5% per year) and Yemen (-51.4% per year).
In value terms, the United Arab Emirates ($X) remains the key foreign market for refined groundnut oil exports from Saudi Arabia, comprising 98% of total exports. The second position in the ranking was taken by Yemen ($X), with a 1.7% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-47.5% per year) and Oman (-64.1% per year).
Export Prices by Country
The average refined groundnut oil export price stood at $X per ton in 2021, shrinking by -7.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.
Prices varied noticeably country of destination: the country with the highest price was Yemen ($X per ton), while the average price for exports to Oman ($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 Yemen (+8.1%), while the prices for the other major destinations experienced a decline.
Refined Groundnut Oil Imports
Imports into Saudi Arabia
In 2021, overseas purchases of refined groundnut oil were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw strong growth. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.
In value terms, refined groundnut oil imports surged to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Belgium (X tons) constituted the largest supplier of refined groundnut oil to Saudi Arabia, accounting for a 87% share of total imports. Moreover, refined groundnut oil imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.
From 2012 to 2021, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and the United States (-22.9% per year).
In value terms, Belgium ($X) constituted the largest supplier of refined groundnut oil to Saudi Arabia, comprising 85% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and the United States (-25.7% per year).
Import Prices by Country
The average refined groundnut oil import price stood at $X per ton in 2021, falling by -2.9% against the previous year. Overall, the import price, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2019 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($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 (+559.3%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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