Groundnut Oil Market

Groundnut oil market: enjoy the latest statistics secured by an Ai-driven market research platform. Facts and figures cover market size, imports, consumption, market prices, companies, exports, trade, and production. Here is a breakdown by country, including China, the Middle East, EU, the U.S., the U.K., Africa, Latin America, and Russia. Market insights and forecast to 2030 are also featured in the snapshots.


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Groundnut Oil - World's Largest Markets

RatingCountry
1China
2India
3Nigeria
4Sudan
5Myanmar

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

From 2018 to 2020, the average annual growth rate of value in China totaled +2.8%. In the other countries, the average annual rates were as follows: India (-24.7% per year) and Nigeria (+7.6% per year).

Groundnut Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Senegal1179112313998.9%
Argentina10811047142014.6%
Nicaragua11801105145711.1%
India1371153716459.5%
Brazil11251202165321.2%
United States225721371704-13.1%
China2051190221332.0%
Average13091252163311.7%

Prices varied noticeably by the country of origin; the country with the highest price was China ($2,133 per ton), while Senegal ($1,399 per ton) was amongst the lowest.

From 2018 to 2020, 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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Hong Kong SAR1944176420352.3%
Netherlands1465134417178.3%
Italy12291232166916.5%
France1443139616657.4%
China12051158160515.4%
Belgium1559149916031.4%
Afghanistan725389390-26.7%
Average1289115715309.0%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($2,035 per ton), while Afghanistan ($390 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Groundnut Oil - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
China15522543367.3%
Italy5754667.2%
Hong Kong SAR2622318.9%
Netherlands1719208.7%
Belgium9.26.81735.1%

In value terms, China ($433M) constitutes the largest market for imported groundnut oil worldwide, comprising 65% of global imports. The second position in the ranking was occupied by Italy ($66M), with a 9.9% share of global imports. It was followed by Hong Kong SAR, with a 4.6% share.

In China, groundnut oil imports increased at an average annual rate of +67.3% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Hong Kong SAR (+8.9% per year).

Groundnut Oil - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Brazil564711140.8%
Argentina56987918.9%
India25385954.9%
China2319278.0%
Nicaragua252023-2.3%

In value terms, Brazil ($112M), Argentina ($79M) and India ($59M) appeared to be the countries with the highest levels of exports in 2020, with a combined 64% share of global exports.

India (+54.9% per year) saw the highest growth rate of 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.

Groundnut Oil - Market Forecast

The groundnut oil market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.3% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Groundnut Oil - Product Coverage

  • HS 150810 - Vegetable oils; ground-nut oil and its fractions, crude, not chemically modified
  • HS 150890 - Vegetable oils; ground-nut oil and its fractions, other than crude, whether or not refined, but not chemically modified
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World - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Africa - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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

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

Northern America - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Southern Asia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Eastern Asia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

South-Eastern Asia - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Australia and Oceania - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Middle East - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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