Republic of Korea - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGroundnut Oil Price in South Korea - 2022
Contents:
- Groundnut Oil Price in South Korea (CIF) - 2022
- Groundnut Oil Price in South Korea (FOB) - 2022
- Groundnut Oil Imports in South Korea
- Groundnut Oil Exports in South Korea
Groundnut Oil Price in South Korea (CIF) - 2022
The average groundnut oil import price stood at $5,400 per ton in 2022, shrinking by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $5,859 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($15,602 per ton), while the price for Israel ($1,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Groundnut Oil Price in South Korea (FOB) - 2022
In 2022, the average groundnut oil export price amounted to $1,991 per ton, which is down by -33.4% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 91%. Over the period under review, the average export prices attained the maximum at $3,242 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($8,947 per ton), while the average price for exports to Canada ($976 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 Hong Kong SAR (+65.6%), while the prices for the other major destinations experienced more modest paces of growth.
Groundnut Oil Imports in South Korea
In 2022, overseas purchases of groundnut oil were finally on the rise to reach 29 tons after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment.
In value terms, groundnut oil imports soared to $158K in 2022. Overall, imports, however, showed a abrupt slump.
| Import of Groundnut Oil in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 107 | 75.9 | 30.4 | 49.5 | -22.7% |
| Australia | 55.5 | 50.5 | 16.7 | 45.0 | -6.8% |
| China | 4.0 | 19.9 | 11.6 | 16.0 | 58.7% |
| United Kingdom | 8.1 | 8.7 | 5.3 | 9.2 | 4.3% |
| Italy | 14.7 | 10.3 | 4.0 | 9.0 | -15.1% |
| Spain | 13.6 | 18.4 | 15.0 | 8.8 | -13.5% |
| Israel | N/A | N/A | N/A | 4.0 | 0% |
| Germany | 9.8 | 4.4 | 4.2 | 3.5 | -29.1% |
| France | 4.8 | 3.2 | 1.4 | 1.3 | -35.3% |
| Others | 4.1 | 9.2 | 27.4 | 12.2 | 43.8% |
| Total | 222 | 201 | 116 | 158 | -10.7% |
Top Suppliers of Groundnut Oil to South Korea in 2022:
- United States (13.1 tons)
- Australia (5.6 tons)
- China (3.4 tons)
- Israel (2.1 tons)
- United Kingdom (1.7 tons)
- Spain (0.7 tons)
- Italy (0.6 tons)
- Germany (0.4 tons)
- France (0.3 tons)
Groundnut Oil Exports in South Korea
In 2022, approx. 8.8 tons of groundnut oil were exported from South Korea; jumping by 21% against the previous year. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 345%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, groundnut oil exports contracted markedly to $17K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 320%. As a result, the exports reached the peak of $22K, and then shrank rapidly in the following year.
| Export of Groundnut Oil in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 11.5 | 0% |
| Guatemala | N/A | N/A | N/A | 4.1 | 0% |
| China | 2.1 | 1.6 | 9.6 | 0.7 | -30.7% |
| Canada | N/A | N/A | 0.8 | 0.5 | -37.5% |
| Macao SAR | 0.5 | 0.3 | 2.5 | 0.2 | -26.3% |
| New Zealand | 2.9 | 1.0 | 4.0 | 0.1 | -67.5% |
| Others | 0.4 | 2.2 | 4.7 | 0.4 | 0.0% |
| Total | 5.9 | 5.2 | 21.6 | 17.5 | 43.7% |
Top Export Markets for Groundnut Oil from South Korea in 2022:
- United States (4.1 tons)
- Guatemala (3.9 tons)
- Canada (0.5 tons)
- China (0.1 tons)
- New Zealand (0.1 tons)
- Macao SAR (0.1 tons)
This report provides an in-depth analysis of the groundnut oil market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
760
This report provides an in-depth analysis of the groundnut oil market in Republic of Korea.
320
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Republic of Korea.
404
This report provides an in-depth analysis of the crude groundnut oil market in Republic of Korea.
373
This report provides an in-depth analysis of the refined groundnut oil market in Republic of Korea.
3066
This report provides an in-depth analysis of the global groundnut oil market.
565
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.
1242
This report provides an in-depth analysis of the global crude groundnut oil market.
627
This report provides an in-depth analysis of the global refined groundnut oil market.
760
This report provides an in-depth analysis of the groundnut oil market in Republic of Korea.
320
This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Republic of Korea.
970
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.
1678
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.
2300
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
970
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.
1678
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.
2300
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
