Peru - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Peru - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights

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Refined Groundnut Oil Price in Peru - 2021

Contents:

  1. Refined Groundnut Oil Price in Peru (CIF) - 2022
  2. Refined Groundnut Oil Price in Peru (FOB) - 2022
  3. Refined Groundnut Oil Imports in Peru
  4. Refined Groundnut Oil Exports in Peru

Refined Groundnut Oil Price in Peru (CIF) - 2022

The average refined groundnut oil import price stood at $4,983 per ton in 2022, waning by -2.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $6,312 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,680 per ton), while the price for China ($1,634 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Groundnut Oil Price in Peru (FOB) - 2022

In 2022, the average refined groundnut oil export price amounted to $2,328 per ton, picking up by 32% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,128 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($237,500 per ton), while the average price for exports to Germany ($1,020 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 Australia (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports in Peru

In 2022, the amount of refined groundnut oil imported into Peru fell notably to 21 tons, waning by -19.6% compared with 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 26 tons, and then dropped significantly in the following year.

In value terms, refined groundnut oil imports fell markedly to $106K in 2022. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $136K, and then fell sharply in the following year.

Import of Refined Groundnut Oil in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States18.815.736.418.5-0.5%
Germany4.218.418.316.557.8%
France8.910.57.68.6-1.1%
Belgium7.36.68.36.9-1.9%
Italy13.56.212.44.6-30.2%
China0.30.40.40.410.1%
SpainN/AN/A8.9N/A0%
Others21.018.343.150.433.9%
Total74.076.113610612.7%

Top Suppliers of Refined Groundnut Oil to Peru in 2022:

  1. United States (2.8 tons)
  2. Germany (2.8 tons)
  3. France (1.8 tons)
  4. Belgium (1.8 tons)
  5. Italy (1.7 tons)
  6. China (0.2 tons)

Refined Groundnut Oil Exports in Peru

In 2022, the amount of refined groundnut oil exported from Peru skyrocketed to 686 kg, jumping by 35% on the year before. In general, exports recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 103%. As a result, the exports reached the peak of 862 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined groundnut oil exports soared to $1.6K in 2022. Overall, exports saw a buoyant expansion.

Export of Refined Groundnut Oil in Peru (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany653863422623-1.6%
Canada31588518849916.6%
Others3725422924758.5%
Total1,3402,2909021,5976.0%

Top Export Markets for Refined Groundnut Oil from Peru in 2022:

  1. Germany (611.0 kg)
  2. Canada (73.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined groundnut oil market in Peru. 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:

  • Peru

Data coverage:

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