Report Update Nov 1, 2024

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

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Sudan: Groundnut Oil Market 2024

Groundnut Oil Market Size in Sudan

The Sudanese groundnut oil market fell to $X in 2021, dropping by -6.3% against the previous year. In general, consumption, however, recorded a pronounced descent. Groundnut oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Groundnut Oil Production in Sudan

In value terms, groundnut oil production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 25%. Groundnut oil production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Groundnut Oil Exports

Exports from Sudan

Groundnut oil exports from Sudan reduced dramatically to X tons in 2015, shrinking by -76.1% compared with the previous year's figure. Over the period under review, exports showed a significant decline. The smallest decline of -35.6% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

In value terms, groundnut oil exports dropped sharply to $X in 2015. Overall, exports faced a precipitous setback. The smallest decline of -45.3% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

Exports by Country

China (X tons), Italy (X tons) and Eritrea (X tons) were the main destinations of groundnut oil exports from Sudan, together accounting for 92% of total exports.

From 2013 to 2015, the biggest increases were recorded for Eritrea (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and Eritrea ($X) were the largest markets for groundnut oil exported from Sudan worldwide, with a combined 93% share of total exports.

Among the main countries of destination, Eritrea, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average groundnut oil export price stood at $X per ton in 2015, with an increase of 18% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2015, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Eritrea ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnut Oil Imports

Imports into Sudan

In 2021, supplies from abroad of groundnut oil increased by 38% to X tons, rising for the second consecutive year after six years of decline. In general, imports, however, continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 167%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, groundnut oil imports totaled $X in 2021. Over the period under review, imports, however, showed a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 144% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Egypt (X kg), the Netherlands (X kg) and Belgium (X kg) were the main suppliers of groundnut oil imports to Sudan, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of -12.8%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Egypt ($X) and Belgium ($X) were the largest groundnut oil suppliers to Sudan, together comprising 99% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of -14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average groundnut oil import price amounted to $X per ton, with a decrease of -27.3% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 23%. The import price peaked 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 Belgium ($X per ton), while the price for China ($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 (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of groundnut oil consumption, accounting for 47% of total volume. Moreover, 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 Sudan, with a 4.5% share.

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

China remains the largest groundnut oil producing country worldwide, comprising approx. 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 Sudan?

In value terms, the largest groundnut oil suppliers to Sudan were Egypt $684), the Netherlands $613) and China $418), together accounting for 98% of total imports. These countries were followed by the United Arab Emirates, which accounted for a further 0.5%.

What are the leading importers of groundnut oil from Sudan?

In value terms, Switzerland remains the key foreign market for groundnut oil exports from Sudan.

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

The average groundnut oil export price stood at $1,840 per ton in 2020, standing approx. at the previous year.

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

The average groundnut oil import price stood at $2,439 per ton in 2020, picking up by 6.9% against the previous year.

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

Sudan

Data coverage:

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