Report Update Jan 1, 2025

Slovakia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Groundnut Oil Market 2025

Groundnut Oil Market Size in Slovakia

In 2021, after four years of decline, there was significant growth in the Slovak groundnut oil market, when its value increased by 18% to $X. In general, consumption, however, continues to indicate a noticeable decline. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Groundnut Oil Production in Slovakia

In value terms, groundnut oil production surged to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced shrinkage. Groundnut oil production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Groundnut Oil Exports

Exports from Slovakia

In 2019, overseas shipments of groundnut oil increased by 134% to X kg, rising for the fourth consecutive year after three years of decline. In general, exports recorded temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil exports skyrocketed to $X in 2019. Over the period under review, exports recorded mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X kg) was the main destination for groundnut oil exports from Slovakia, accounting for a 70% share of total exports. Moreover, groundnut oil exports to Romania exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Romania totaled +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.4% per year) and the Czech Republic (-23.5% per year).

In value terms, Romania ($X) emerged as the key foreign market for groundnut oil exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Romania stood at +81.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-18.5% per year) and the Netherlands (+15.6% per year).

Export Prices by Country

In 2019, the average groundnut oil export price amounted to $X per ton, shrinking by -9.2% against the previous year. Overall, the export price continues to indicate a slight descent. The pace of growth was the most pronounced in 2013 an increase of 9.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnut Oil Imports

Imports into Slovakia

In 2021, supplies from abroad of groundnut oil increased by 165% to X tons, rising for the second consecutive year after three years of decline. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 866%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, groundnut oil imports surged to $X in 2021. Overall, imports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 1,245%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +33.3%).

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

In terms of the main suppliers, the Czech Republic, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average groundnut oil import price amounted to $X per ton, which is down by -8.5% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 245%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest groundnut oil consuming country worldwide, accounting for 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. Sudan ranked third in terms of total consumption with a 4.5% share.

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

The country with the largest volume of groundnut oil production was China, accounting for 41% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. India ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of groundnut oil to Slovakia?

In value terms, the largest groundnut oil suppliers to Slovakia were the Czech Republic, Italy and Germany $152).

What are the leading importers of groundnut oil from Slovakia?

In value terms, the Netherlands $640) remains the key foreign market for groundnut oil exports from Slovakia, comprising 72% of total exports. The second position in the ranking was occupied by Romania $225), with a 25% share of total exports.

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

The average groundnut oil export price stood at $3,299 per ton in 2019, growing by 8.6% against the previous year.

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

In 2020, the average groundnut oil import price amounted to $2,930 per ton, which is down by -36.6% against the previous year.

This report provides an in-depth analysis of the 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 2012–2024
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