Report Update Nov 1, 2024

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

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Slovakia: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Slovakia

The Slovak crude groundnut oil market expanded slightly to $X in 2022, surging by 3.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Groundnut Oil Production in Slovakia

In value terms, crude groundnut oil production expanded significantly to $X in 2022 estimated in export price. Overall, production showed a pronounced descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 461%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Crude Groundnut Oil Exports

Exports from Slovakia

In 2017, the amount of crude groundnut oil exported from Slovakia reduced remarkably to X kg, waning by -99.8% on the previous year. Over the period under review, exports faced a significant decrease. The exports peaked at X kg in 2016, and then fell rapidly in the following year.

In value terms, crude groundnut oil exports shrank significantly to $X in 2017. In general, exports continue to indicate a sharp slump. Over the period under review, the exports attained the maximum at $X in 2016, and then contracted sharply in the following year.

Exports by Country

Romania (X kg) was the main destination for crude groundnut oil exports from Slovakia, with a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to Romania was relatively modest.

In value terms, Romania ($X) emerged as the key foreign market for crude groundnut oil exports from Slovakia.

From 2016 to 2017, the average annual growth rate of value to Romania was relatively modest.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2017, falling by -85.6% against the previous year. Over the period under review, the export price saw a precipitous contraction. The export price peaked at $X per ton in 2016, and then shrank significantly in the following year.

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

From 2016 to 2017, the rate of growth in terms of prices for Romania amounted to 0.0% per year.

Crude Groundnut Oil Imports

Imports into Slovakia

In 2022, purchases abroad of crude groundnut oil increased by 92% to X tons, rising for the third consecutive year after three years of decline. In general, imports showed a significant increase. The growth pace was the most rapid in 2016 with an increase of 914% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, crude groundnut oil imports skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,595%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons) and the Czech Republic (X tons) were the main suppliers of crude groundnut oil imports to Slovakia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +25.3%).

In value terms, Italy ($X) and the Czech Republic ($X) constituted the largest crude groundnut oil suppliers to Slovakia.

In terms of the main suppliers, Italy, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, waning by -28.7% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 285%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.3%), 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, comprising approx. 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?

The country with the largest volume of crude groundnut oil production was China, 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 Slovakia?

In value terms, the largest crude groundnut oil suppliers to Slovakia were Italy and the Czech Republic.

What are the leading importers of crude groundnut oil from Slovakia?

In value terms, Romania $165) and the Czech Republic $89) were the largest markets for crude groundnut oil exported from Slovakia worldwide.

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

The average crude groundnut oil export price stood at $1,169 per ton in 2019, falling by -33.9% against the previous year.

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

The average crude groundnut oil import price stood at $2,679 per ton in 2021, waning by -8.6% against the previous year.

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

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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 2012–2023
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