Senegal: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Senegal

The revenue of the ground-nut oil market in Senegal amounted to $X in 2018, lowering by -X% against the previous year. In general, ground-nut oil consumption, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the ground-nut oil market attained its peak figure level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Ground-Nut Oil Production in Senegal

In value terms, ground-nut oil production totaled $X in 2018 estimated in export prices. In general, ground-nut oil production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2009 when production volume increased by X% y-o-y. Senegal ground-nut oil production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Ground-Nut Oil Exports

Exports from Senegal

In 2018, approx. X tons of ground-nut oil were exported from Senegal; picking up by X% against the previous year. Overall, ground-nut oil exports, however, continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Senegal exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, ground-nut oil exports totaled $X in 2018. Over the period under review, ground-nut oil exports, however, continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, ground-nut oil exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented roughly X% of total exports of ground-nut oil in 2018. Iran (X tons) held the next position in the ranking, followed by Nicaragua (X tons) and India (X tons). All these countries together held approx. X% share of total exports. Belgium (X tons), China (X tons) and the U.S. (X tons) occupied a little 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, Argentina ($X), Brazil ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Nicaragua, India, Iran, Belgium, China and the U.S., which together accounted for a further X (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the ground-nut oil export price in Senegal amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the ground-nut oil export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, the export prices for ground-nut oil reached their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Ground-Nut Oil Imports

Imports into Senegal

In 2018, approx. X tons of ground-nut oil were imported into Senegal; going up by X% against the previous year. Over the period under review, ground-nut oil imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, ground-nut oil imports attained their maximum at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, ground-nut oil imports stood at $X in 2018. Overall, ground-nut oil imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Senegal imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

China (X tons) and Lebanon (X tons) represented roughly X% of total imports of ground-nut oil in 2018. Italy (X tons) ranks next in terms of the total imports with a X% share, followed by the U.S. (X%). The following importers - the Netherlands (X tons), France (X tons), China, Hong Kong SAR (X tons), Sudan (X tons), Benin (X tons) and Switzerland (X tons) - together made up X% 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, Lebanon ($X), China ($X) and Italy ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by the U.S., the Netherlands, China, Hong Kong SAR, France, Switzerland, Sudan, Benin and Senegal, which together accounted for a further X terms of the main importing countries, Sudan recorded 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

In 2018, the ground-nut oil import price in Senegal amounted to $X per ton, declining by -X% against the previous year. In general, the ground-nut oil import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the import prices for ground-nut oil reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

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