Czech Republic - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Czech Republic - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Groundnut Oil Price in the Czech Republic - 2023

Contents:

  1. Groundnut Oil Price in the Czech Republic (CIF) - 2023
  2. Groundnut Oil Price in the Czech Republic (FOB) - 2022
  3. Groundnut Oil Imports in the Czech Republic
  4. Groundnut Oil Exports in the Czech Republic

Groundnut Oil Price in the Czech Republic (CIF) - 2023

In June 2023, the average groundnut oil import price amounted to $1,417 per ton, waning by -2.8% against the previous month. Overall, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in December 2022 an increase of 92% against the previous month. The import price peaked at $4,533 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,865 per ton), while the price for Poland ($1,348 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (-1.3%), while the prices for the other major suppliers experienced a decline.

Groundnut Oil Price in the Czech Republic (FOB) - 2022

In 2022, the average groundnut oil export price amounted to $6,655 per ton, standing approx. at the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 118% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($7,997 per ton), while the average price for exports to Germany ($4,000 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 the Netherlands (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnut Oil Imports in the Czech Republic

In 2022, groundnut oil imports into the Czech Republic skyrocketed to 93 tons, surging by 82% against the year before. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil imports skyrocketed to $231K in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Groundnut Oil in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/A0.190.290100.0%
Germany16.595.510273.964.8%
Italy30.940.550.057.322.9%
Netherlands3.31.212.34.712.5%
France26.40.3N/A0.1-84.4%
Austria9.80.10.30.1-78.3%
Others2.11.22.14.428.0%
Total89.013916723137.4%

Top Suppliers of Groundnut Oil to the Czech Republic in 2022:

  1. France (undefined tons)
  2. Austria (undefined tons)
  3. Poland (54.5 tons)
  4. Germany (20.8 tons)
  5. Italy (16.2 tons)
  6. Netherlands (1.0 tons)

Groundnut Oil Exports in the Czech Republic

Groundnut oil exports from the Czech Republic surged to 3.8 tons in 2022, growing by 220% against the previous year. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil exports skyrocketed to $25K in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 593% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Export of Groundnut Oil in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
DenmarkN/AN/A4.412.4181.8%
BelgiumN/AN/AN/A10.60%
Slovakia3.01.01.01.2-26.3%
GermanyN/A0.10.20.8182.8%
NetherlandsN/AN/A2.2N/A0%
OthersN/AN/A0.10.2100.0%
Total3.01.17.925.3103.5%

Top Export Markets for Groundnut Oil from the Czech Republic in 2022:

  1. Denmark (1923.0 kg)
  2. Belgium (1329.0 kg)
  3. Slovakia (288.0 kg)
  4. Germany (191.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the groundnut oil market in the Czech Republic. 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:

  • Czech Republic

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Czech Republic
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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