Australia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
Latest Report Update: Jan 2, 2023

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

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Article Publishing Date: Nov 10, 2022

Groundnut Oil Price in Australia Grows 6% to $4.5K per Ton, Up Sharply on a Year-on-Year Basis

Australia Groundnut Oil Import Price per Ton in July 2022

In July 2022, the groundnut oil price per ton stood at $4.5K (CIF, Australia), picking up by 5.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 44% m-o-m. The import price peaked in July 2022.

Prices varied noticeably by the country of origin: the country with the highest price was China ($12.2K per ton), while the price for Malaysia ($2.8K per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by the United States (+103.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Australia Groundnut Oil Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In July 2022, the product with the highest price was refined groundnut oil ($5.0K per ton), while the price for crude groundnut oil totaled $4.2K per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by refined groundnut oil (+2.0%).

Australia Groundnut Oil Imports

Groundnut oil imports into Australia dropped significantly to 40 tons in July 2022, declining by -32.1% compared with June 2022 figures. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in May 2022 when imports increased by 161% against the previous month. As a result, imports attained the peak of 66 tons. From June 2022 to July 2022, the growth of imports remained at a somewhat lower figure.

In value terms, groundnut oil imports contracted markedly to $177K (IndexBox estimates) in July 2022. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in May 2022 with an increase of 277% against the previous month.

Australia Groundnut Oil Imports by Type

In July 2022, crude groundnut oil (29 tons) constituted the largest type of groundnut oil supplied to Australia, accounting for a 72% share of total imports. Moreover, crude groundnut oil exceeded the figures recorded for the second-largest type, refined groundnut oil (11 tons), threefold.

From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of crude groundnut oil was relatively modest.

In value terms, crude groundnut oil ($121K) constituted the largest type of groundnut oil supplied to Australia, comprising 69% of total imports. The second position in the ranking was held by refined groundnut oil ($56K), with a 31% share of total imports.

Australia Groundnut Oil Imports by Country

In July 2022, Hong Kong SAR (37 tons) was the main supplier of groundnut oil to Australia, accounting for a 92% share of total imports. Moreover, groundnut oil imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Malaysia (2.1 tons), more than tenfold. India (460 kg) ranked third in terms of total imports with a 1.2% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Hong Kong SAR stood at +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-11.9% per month) and India (-28.9% per month).

In value terms, Hong Kong SAR ($162K) constituted the largest supplier of groundnut oil to Australia, comprising 92% of total imports. The second position in the ranking was taken by Malaysia ($5.9K), with a 3.4% share of total imports. It was followed by China, with a 3.2% share.

From January 2022 to July 2022, the average monthly growth rate of value from Hong Kong SAR stood at +5.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-10.8% per month) and China (-34.3% per month).

Source: IndexBox Market Intelligence Platform

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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