Crude Groundnut Oil Market

Crude groundnut oil market: get access to the most recent facts and figures enhanced by an Ai-driven market intelligence platform. Datasets include market prices, consumption, imports, production, exports, trade, market size, and companies. There is a breakdown by region, including the U.S., China, Russia, Africa, the U.K., Latin America, EU, and the Middle East. Market insights and forecast to 2030 are also featured in the snapshots.


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Crude Groundnut Oil - World's Largest Markets

RatingCountry
1China
2Nigeria
3India
4Sudan
5United States

In value terms, China led the market, alone. The second position in the ranking was occupied by Nigeria. It was followed by India.

From 2019 to 2021, the average annual growth rate of value in China totaled +6.5%. In the other countries, the average annual rates were as follows: Nigeria (+2.9% per year) and India (-16.8% per year).

Crude Groundnut Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
South Africa1217913525-34.3%
Senegal1123113711290.3%
Argentina1046141611836.3%
Nicaragua1096145512707.6%
United States200215501590-10.9%
India14011383200219.5%
Brazil12021657221235.7%
Average1142142611490.3%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($2,212 per tonne), while South Africa ($525 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Netherlands11701590210034.0%
Italy12191668200128.1%
France12841576199324.6%
United States11151684195832.5%
China11581605141810.7%
Average11851612160316.3%

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($2,100 per tonne) and Italy ($2,001 per tonne), while China ($1,418 per tonne) and the United States ($1,958 per tonne) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Crude Groundnut Oil - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
China22543232920.8%
Italy51658630.0%
United States14105087.2%
Netherlands11142548.6%
France129.71614.2%

In value terms, China ($329M) constitutes the largest market for imported crude groundnut oil worldwide, comprising 60% of global imports. The second position in the ranking was occupied by Italy ($86M), with a 16% share of global imports. It was followed by the United States, with a 9.2% share.

From 2019 to 2021, the average annual rate of growth in terms of value in China stood at +20.8%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+30.0% per year) and the United States (+87.2% per year).

Crude Groundnut Oil - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
India2020185204.3%
Brazil479315078.7%
South Africa0.20.11372280.0%
Argentina987988-5.1%
Senegal715663-5.2%

In value terms, India ($185M), Brazil ($150M) and South Africa ($137M) were the countries with the highest levels of exports in 2021, together accounting for 70% of global exports.

South Africa (+2,280.0% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Crude Groundnut Oil - Market Forecast

Driven by increasing demand for crude groundnut oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Crude Groundnut Oil - Product Coverage

  • HS 150810 - Vegetable oils; ground-nut oil and its fractions, crude, not chemically modified
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World - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global crude groundnut oil market.

Africa - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Central Asia.

Northern America - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Northern America.

Australia and Oceania - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Australia and Oceania.

Middle East - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in the Middle East.

Latin America and the Caribbean - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Latin America and the Caribbean.

Southern Asia - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Southern Asia.

Eastern Asia - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in Eastern Asia.

South-Eastern Asia - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the crude groundnut oil market in South-Eastern Asia.

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