Refined Groundnut Oil Market

Refined groundnut oil market: get the latest facts and figures secured by an Ai-driven market intelligence tool. Data contain trade, companies, production, market prices, market size, exports, consumption, and imports. There is a breakdown by region, including China, the U.K., EU, the U.S., Russia, the Middle East, Africa, and Latin America. Market dynamics and outlook to 2030 are also featured in the dashboards.

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Refined Groundnut Oil - World's Largest Markets

In value terms, China, the United States and India appeared to be the countries with the highest levels of market value in 2020, together comprising 28% of the global market. Japan, Russia, Pakistan, Germany, the UK, Mexico, France, Bangladesh, Brazil and Indonesia lagged somewhat behind, together comprising a further 27%.

Bangladesh saw the highest growth rate of market size, among the main consuming countries over the period under review, while refined groundnut oil market for the other global leaders experienced more modest paces of growth.

Refined Groundnut Oil Prices

Refined Groundnut Oil - Top Importers

In value terms, Hong Kong SAR ($24M), Afghanistan ($17M) and the Netherlands ($6M) appeared to be the countries with the highest levels of imports in 2020, with a combined 49% share of global imports. The UK, Canada, Germany, France, Malaysia and Mauritania lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Malaysia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Refined Groundnut Oil - Top Exporters

In value terms, India ($39M), China ($25M) and Brazil ($18M) appeared to be the countries with the highest levels of exports in 2020, together accounting for 61% of global exports.

India (+76.6% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Refined Groundnut Oil - Market Forecast

Driven by rising demand for refined groundnut oil worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Refined Groundnut Oil - Product Coverage

• HS 150890 - Vegetable oils; ground-nut oil and its fractions, other than crude, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform