China - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Groundnut Oil Price in China - 2023
Contents:
- Crude Groundnut Oil Price in China (CIF) - 2023
- Crude Groundnut Oil Price in China (FOB) - 2022
- Crude Groundnut Oil Imports in China
- Crude Groundnut Oil Exports in China
Crude Groundnut Oil Price in China (CIF) - 2023
The average crude groundnut oil import price stood at $1,972 per ton in June 2023, reducing by -1.6% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 8.7% m-o-m. The import price peaked at $2,038 per ton in April 2023; afterwards, it flattened through to June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Sudan ($2,124 per ton) and Argentina ($2,020 per ton), while the price for India ($1,931 per ton) and Brazil ($1,941 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sudan (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Groundnut Oil Price in China (FOB) - 2022
The average crude groundnut oil export price stood at $3,817 per ton in 2022, rising by 45% against the previous year. In general, the export price enjoyed a slight increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($4,999 per ton), while the average price for exports to Malaysia ($2,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Groundnut Oil Imports in China
In 2022, purchases abroad of crude groundnut oil decreased by -17.8% to 231K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 39%.
In value terms, crude groundnut oil imports declined dramatically to $441M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 92%.
Import of Crude Groundnut Oil in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 43.8 | 86.7 | 97.6 | 229 | 73.6% |
India | 15.7 | 185 | 337 | 116 | 94.8% |
Argentina | 102 | 83.8 | 41.3 | 62.1 | -15.2% |
Sudan | 23.0 | 51.5 | 45.6 | 20.0 | -4.6% |
Nicaragua | 6.8 | 7.1 | 5.5 | 5.0 | -9.7% |
Senegal | 31.6 | 4.3 | 3.7 | 3.4 | -52.4% |
Others | 1.9 | 14.3 | 18.8 | 5.0 | 38.1% |
Total | 225 | 433 | 549 | 441 | 25.1% |
Top Suppliers of Crude Groundnut Oil to China in 2022:
- Brazil (122.6K tons)
- India (59.2K tons)
- Argentina (32.2K tons)
- Sudan (9.8K tons)
- Nicaragua (2.7K tons)
- Senegal (1.9K tons)
Crude Groundnut Oil Exports in China
In 2022, shipments abroad of crude groundnut oil decreased by -79.9% to 153 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports reached the peak of 761 tons, and then declined rapidly in the following year.
In value terms, crude groundnut oil exports contracted sharply to $585K in 2022. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. As a result, the exports attained the peak of $2M, and then reduced dramatically in the following year.
Export of Crude Groundnut Oil in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | 105 | 160 | 209 | 41.1% |
United States | N/A | N/A | N/A | 139 | 0% |
South Korea | N/A | 6.9 | 25.9 | 96.6 | 274.2% |
Malaysia | 613 | 1,042 | 907 | 39.2 | -60.0% |
New Zealand | N/A | N/A | N/A | 16.6 | 0% |
Hong Kong SAR | 126 | N/A | N/A | N/A | 0% |
Singapore | N/A | N/A | 247 | N/A | 0% |
Others | 21.2 | 53.6 | 668 | 84.5 | 58.6% |
Total | 760 | 1,207 | 2,009 | 585 | -8.4% |
Top Export Markets for Crude Groundnut Oil from China in 2022:
- Canada (42.7 tons)
- United States (28.8 tons)
- South Korea (22.8 tons)
- Malaysia (18.8 tons)
- New Zealand (3.3 tons)
This report provides an in-depth analysis of the crude groundnut oil market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the crude groundnut oil market in China.
This report provides an in-depth analysis of the groundnut oil market in China.
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in China.
This report provides an in-depth analysis of the refined groundnut oil market in China.
This report provides an in-depth analysis of the global crude groundnut oil market.
This report provides an in-depth analysis of the global groundnut oil market.
Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
This report provides an in-depth analysis of the global refined groundnut oil market.
This report provides an in-depth analysis of the crude groundnut oil market in China.
This report provides an in-depth analysis of the groundnut oil market in China.
During the period analyzed, there was a significant decline in imports, with crude groundnut oil imports reaching $37M in December 2023.
Crude Groundnut Oil imports drastically decreased to $36M in June 2023 in terms of value.
While imports in general experienced a significant decline, the import of Groundnut Oil saw a tremendous surge, reaching $37M in December 2023 in terms of value.
In December 2022, the growth rate for the import of Groundnut Oil was at its highest, with a 60% increase compared to the previous month. In terms of value, Groundnut Oil imports reached $35 million in September 2023.
In value terms, refined groundnut oil exports fell notably to $1.8M in April 2023.
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
During the period analyzed, there was a significant decline in imports, with crude groundnut oil imports reaching $37M in December 2023.
Crude Groundnut Oil imports drastically decreased to $36M in June 2023 in terms of value.