Brazil - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnut Oil Price in Brazil - 2023
Contents:
- Groundnut Oil Price in Brazil (FOB) - 2023
- Groundnut Oil Price in Brazil (CIF) - 2022
- Groundnut Oil Exports in Brazil
- Groundnut Oil Imports in Brazil
Groundnut Oil Price in Brazil (FOB) - 2023
The average groundnut oil export price stood at $1,833 per ton in July 2023, falling by -1.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 2.8% m-o-m. The export price peaked at $1,953 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was China ($1,842 per ton), while the average price for exports to Italy totaled $1,777 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.4%).
Groundnut Oil Price in Brazil (CIF) - 2022
In 2022, the average groundnut oil import price amounted to $10,391 per ton, with an increase of 78% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 128% against the previous year. The import price peaked at $14,079 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,734 per ton), while the price for France ($4,096 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Groundnut Oil Exports in Brazil
Groundnut oil exports from Brazil skyrocketed to 101K tons in 2022, picking up by 18% compared with the previous year's figure. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, groundnut oil exports surged to $182M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 93%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Groundnut Oil in Brazil (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.8 | 82.5 | 106 | 152 | 52.6% |
Italy | 13.9 | 28.0 | 39.8 | 29.0 | 27.8% |
Others | 1.2 | 0.9 | 4.8 | 1.1 | -2.9% |
Total | 57.8 | 111 | 151 | 182 | 46.6% |
Top Export Markets for Groundnut Oil from Brazil in 2022:
- China (83.7K tons)
- Italy (16.3K tons)
Groundnut Oil Imports in Brazil
In 2022, imports of groundnut oil into Brazil rose sharply to 152 tons, surging by 8% against the previous year's figure. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 473% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, groundnut oil imports surged to $1.6M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 208% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
Import of Groundnut Oil in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 379 | 184 | 543 | 1,494 | 58.0% |
Germany | 22.0 | 44.5 | 60.8 | 68.3 | 45.9% |
France | 43.8 | 17.0 | 70.8 | 7.8 | -43.7% |
Argentina | N/A | N/A | 120 | N/A | 0% |
Others | 4.6 | 19.9 | 22.6 | 4.5 | -0.7% |
Total | 450 | 266 | 817 | 1,574 | 51.8% |
Top Suppliers of Groundnut Oil to Brazil in 2022:
- United States (139.2 tons)
- Germany (9.5 tons)
- France (1.9 tons)
This report provides an in-depth analysis of the groundnut oil market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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 groundnut oil market in Brazil.
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Brazil.
This report provides an in-depth analysis of the crude groundnut oil market in Brazil.
This report provides an in-depth analysis of the refined groundnut oil market in Brazil.
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 crude groundnut oil market.
This report provides an in-depth analysis of the global refined groundnut oil market.
This report provides an in-depth analysis of the groundnut oil market in Brazil.
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Brazil.
Groundnut Oil exports saw a substantial 81% growth in March 2023 compared to the previous month, reaching a total value of $7M in February 2024.
The price of Refined Groundnut Oil in June 2023 was $1,964 per ton (FOB, Brazil), reflecting a decrease of -3.1% compared to the previous month.
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
Groundnut Oil exports saw a substantial 81% growth in March 2023 compared to the previous month, reaching a total value of $7M in February 2024.
The price of Refined Groundnut Oil in June 2023 was $1,964 per ton (FOB, Brazil), reflecting a decrease of -3.1% compared to the previous month.
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