China - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Groundnut Oil Price in China - 2023
Contents:
- Refined Groundnut Oil Price in China (FOB) - 2023
- Refined Groundnut Oil Price in China (CIF) - 2022
- Refined Groundnut Oil Exports in China
- Refined Groundnut Oil Imports in China
Refined Groundnut Oil Price in China (FOB) - 2023
In September 2023, the average refined groundnut oil export price amounted to $2,201 per ton, reducing by -8.1% against the previous month. Over the period under review, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in December 2022 when the average export price increased by 6.9% against the previous month. As a result, the export price reached the peak level of $2,665 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($5,159 per ton), while the average price for exports to Malaysia ($2,293 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+7.2%), while the prices for the other major destinations experienced a decline.
Refined Groundnut Oil Price in China (CIF) - 2022
The average refined groundnut oil import price stood at $1,621 per ton in 2022, waning by -6.6% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 79%. As a result, import price reached the peak level of $4,320 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 Japan ($3,095 per ton), while the price for Myanmar ($1,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Groundnut Oil Exports in China
In 2022, the amount of refined groundnut oil exported from China expanded rapidly to 11K tons, growing by 15% compared with 2021. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined groundnut oil exports expanded significantly to $26M in 2022. The total export value increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Refined Groundnut Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.6 | 2.5 | 2.4 | 3.0 | 23.3% |
| United States | 0.3 | 0.6 | 0.4 | 1.0 | 49.4% |
| Japan | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Hong Kong SAR | 15.1 | N/A | N/A | N/A | 0% |
| Macao SAR | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 22.1 | 20.6 | 22.0 | 503.7% |
| Total | 18.0 | 25.4 | 23.8 | 26.3 | 13.5% |
Top Export Markets for Refined Groundnut Oil from China in 2022:
- Malaysia (1.3K tons)
- United States (0.3K tons)
- Japan (0.1K tons)
Refined Groundnut Oil Imports in China
After three years of growth, purchases abroad of refined groundnut oil decreased by -7.6% to 245 tons in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,025% against the previous year.
In value terms, refined groundnut oil imports declined to $397K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 633%.
| Import of Refined Groundnut Oil in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.2 | 2.2 | 0.1 | 71.2 | 608.7% |
| Myanmar | 4.9 | N/A | N/A | 2.7 | -18.0% |
| Japan | N/A | N/A | N/A | 1.8 | 0% |
| Hong Kong SAR | 33.7 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 232 | 195 | N/A | -15.9% |
| Others | 13.0 | 146 | 265 | 322 | 191.5% |
| Total | 51.8 | 380 | 460 | 397 | 97.2% |
Top Suppliers of Refined Groundnut Oil to China in 2022:
- Belgium (24.1 tons)
- Myanmar (2.0 tons)
- Japan (0.6 tons)
This report provides an in-depth analysis of the refined groundnut oil market in China. 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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This report provides an in-depth analysis of the refined groundnut oil market in China.
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This report provides an in-depth analysis of the groundnut oil market in China.
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in China.
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This report provides an in-depth analysis of the crude groundnut oil market in China.
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This report provides an in-depth analysis of the global refined groundnut oil market.
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This report provides an in-depth analysis of the global groundnut oil market.
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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.
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This report provides an in-depth analysis of the global crude groundnut oil market.
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This report provides an in-depth analysis of the refined groundnut oil market in China.
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This report provides an in-depth analysis of the groundnut oil market in China.
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In value terms, refined groundnut oil exports fell notably to $1.8M in April 2023.
184
While imports in general experienced a significant decline, the import of Groundnut Oil saw a tremendous surge, reaching $37M in December 2023 in terms of value.
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In December 2022, the growth rate for the import of Groundnut Oil was at its highest, with a 60% increase compared to the previous month. In terms of value, Groundnut Oil imports reached $35 million in September 2023.
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During the period analyzed, there was a significant decline in imports, with crude groundnut oil imports reaching $37M in December 2023.
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Crude Groundnut Oil imports drastically decreased to $36M in June 2023 in terms of value.
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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.
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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.
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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
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In value terms, refined groundnut oil exports fell notably to $1.8M in April 2023.
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While imports in general experienced a significant decline, the import of Groundnut Oil saw a tremendous surge, reaching $37M in December 2023 in terms of value.
