Report Update Nov 1, 2024

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

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Ukraine: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Ukraine

The Ukrainian crude groundnut oil market rose slightly to $X in 2022, increasing by 3% against the previous year. Overall, consumption showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Crude Groundnut Oil Production in Ukraine

In value terms, crude groundnut oil production rose markedly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 54%. Crude groundnut oil production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports from Ukraine

Crude groundnut oil exports from Ukraine reduced rapidly to X kg in 2022, with a decrease of -85.7% compared with the year before. In general, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude groundnut oil exports declined dramatically to $X in 2022. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2019 when exports increased by 214%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for crude groundnut oil exports from Ukraine, with a 98% share of total exports. It was followed by Canada (X kg), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +25.8%.

In value terms, the United States ($X) emerged as the key foreign market for crude groundnut oil exports from Ukraine, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +22.5%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, rising by 317% against the previous year. Over the period under review, the export price recorded a strong increase. 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 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Groundnut Oil Imports

Imports into Ukraine

In 2022, purchases abroad of crude groundnut oil decreased by -12.5% to X kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Imports peaked at X kg in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude groundnut oil imports soared to $X in 2022. Over the period under review, imports saw a abrupt descent. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X kg) was the main crude groundnut oil supplier to Ukraine, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -12.9%.

In value terms, Germany ($X) constituted the largest supplier of crude groundnut oil to Ukraine.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -9.1%.

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, with an increase of 440% against the previous year. Over the period under review, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +4.4% per year.

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. India ranked third in terms of total consumption 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 Ukraine?

In value terms, Germany $332) constituted the largest supplier of crude groundnut oil to Ukraine, comprising 80% of total imports. The second position in the ranking was occupied by Belgium $84), with a 20% share of total imports.

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

In value terms, Russia remains the key foreign market for crude groundnut oil exports from Ukraine, comprising 67% of total exports. The second position in the ranking was occupied by the United States, with a 30% share of total exports.

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

The average crude groundnut oil export price stood at $20,067 per ton in 2021, rising by 314% against the previous year.

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

In 2021, the average crude groundnut oil import price amounted to $20,800 per ton, rising by 169% against the previous year.

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

Ukraine

Data coverage:

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