Sierra Leone: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Sierra Leone

The revenue of the ground-nut oil market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. In general, ground-nut oil consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the ground-nut oil market attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Ground-Nut Oil Production in Sierra Leone

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 prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, ground-nut oil production reached its peak level of $X, and then declined slightly in the following year.

Ground-Nut Oil Exports

Exports from Sierra Leone

Ground-nut oil exports from Sierra Leone totaled X kg in 2018, coming down by -X% against the previous year. In general, ground-nut oil exports continue to indicate a relatively flat trend pattern. Over the period under review, ground-nut oil exports reached their maximum at X kg in 2017, and then declined slightly in the following year.

In value terms, ground-nut oil exports totaled $X in 2018. Overall, ground-nut oil exports continue to indicate a relatively flat trend pattern. Sierra Leone exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Argentina (X tons) and Brazil (X tons) represented the major exporters of ground-nut oil in 2018, accounting for approx. X% and X% of total exports, respectively. Senegal (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%), Nicaragua (X%) and India (X%). Belgium (X tons) followed a long way behind the leaders.

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 Sierra Leone were Argentina ($X), Brazil ($X) and Senegal ($X), together comprising X% of total exports. Nicaragua, India, Iran and Belgium lagged somewhat behind, together comprising a further X (+X% per year) recorded 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

The ground-nut oil export price in Sierra Leone stood at $X per ton in 2018, waning by -X% against the previous year. Over the period under review, the ground-nut oil export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for ground-nut oil attained their peak figure at $X per ton in 2017, and then declined slightly in the following year.

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 Sierra Leone

In 2018, the amount of ground-nut oil imported into Sierra Leone amounted to X tons, increasing by X% against the previous year. In general, ground-nut oil imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. In that year, ground-nut oil imports reached their peak of X tons. From 2013 to 2018, the growth of ground-nut oil imports remained at a somewhat lower figure.

In value terms, ground-nut oil imports amounted to $X in 2018. Overall, ground-nut oil imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, ground-nut oil imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons) and Lebanon (X tons) were the key importers of ground-nut oilacross the globe, together creating X% of total imports. 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) followed a long way behind the leaders.

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) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. The U.S., the Netherlands, China, Hong Kong SAR, France, Switzerland, Sudan, Benin and Sierra Leone lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ground-nut oil import price in Sierra Leone amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the ground-nut oil import price continues to indicate a sharp reduction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Sierra Leone import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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