Report Update Nov 1, 2024

Sudan - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Sudan

The Sudanese refined olive oil market contracted to $X in 2022, with a decrease of -2.2% against the previous year. Over the period under review, consumption continues to indicate a slight decline. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Refined Olive Oil Production in Sudan

In value terms, refined olive oil production fell slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Refined olive oil production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Refined Olive Oil Exports

Exports from Sudan

In 2020, shipments abroad of refined olive oil decreased by 0% to X kg for the first time since 2016, thus ending a three-year declining trend. Over the period under review, exports showed a precipitous slump. The smallest decline of -40.4% was in 2017. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, refined olive oil exports stood at $X in 2020. In general, exports recorded a dramatic slump. The smallest decline of -31.7% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for refined olive oil exports from Sudan, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Bahrain stood at -31.7%.

From 2012 to 2020, the average annual rate of growth in terms of value to Bahrain amounted to -20.3%.

Export Prices by Country

The average refined olive oil export price stood at $X per ton in 2020, approximately mirroring the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 15%. The export price peaked in 2020 and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Bahrain amounted to +16.7% per year.

Refined Olive Oil Imports

Imports into Sudan

In 2022, purchases abroad of refined olive oil decreased by -23.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 222% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports shrank sharply to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 194% against the previous year. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Lebanon (X tons) constituted the largest refined olive oil supplier to Sudan, with a 62% share of total imports. Moreover, refined olive oil imports from Lebanon exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Lebanon stood at +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+53.1% per year) and Italy (+19.3% per year).

In value terms, Lebanon ($X) constituted the largest supplier of refined olive oil to Sudan, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Lebanon totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+59.0% per year) and Italy (+19.4% per year).

Import Prices by Country

The average refined olive oil import price stood at $X per ton in 2022, which is down by -5.8% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil import price increased by +13.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+8.9%), 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 refined olive oil in the world?

China remains the largest refined olive oil consuming country worldwide, accounting for 16% of total volume. Moreover, refined olive oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.1% share.

What are the largest producers of refined olive oil in the world?

The countries with the highest volumes of in 2021 were China, Spain and India, with a combined 32% share of global production. These countries were followed by the United States, Japan, Italy, Russia, Pakistan, Nigeria, Germany, Indonesia, Brazil and Bangladesh, which together accounted for a further 28%.

What are the leading suppliers of refined olive oil to Sudan?

In value terms, Lebanon constituted the largest supplier of refined olive oil to Sudan, comprising 58% of total imports. The second position in the ranking was occupied by Italy, with a 15% share of total imports. It was followed by Spain, with an 11% share.

What is the average export price for refined olive oil in Sudan?

The average refined olive oil export price stood at $1,666 per ton in 2017, with a decrease of -2.8% against the previous year.

What is the average import price for refined olive oil in Sudan?

In 2021, the average refined olive oil import price amounted to $3,178 per ton, flattening at the previous year.

This report provides an in-depth analysis of the refined olive 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:

Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

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