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Asia - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in Asia

In 2019, the Asian refined groundnut oil market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refined Groundnut Oil Production in Asia

In value terms, refined groundnut oil production expanded modestly to $X in 2019 estimated in export prices. The total production indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. The level of production peaked in 2019 and is expected to retain growth in years to come.

Production By Country in Asia

The countries with the highest volumes of refined groundnut oil production in 2019 were Iran (X tonnes), China (X tonnes) and India (X tonnes), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in India, while refined groundnut oil production for the other leaders experienced more modest paces of growth.

Refined Groundnut Oil Exports

Exports in Asia

In 2019, shipments abroad of refined groundnut oil decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. In general, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes, and then fell notably in the following year.

In value terms, refined groundnut oil exports shrank dramatically to $X in 2019. Total exports indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2018, and then fell dramatically in the following year.

Exports by Country

China (X tonnes) and India (X tonnes) represented the main exporters of refined groundnut oil in 2019, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Hong Kong SAR (X tonnes), constituting a X% share of total exports. The following exporters - Saudi Arabia (X tonnes), Singapore (X tonnes) and Malaysia (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest refined groundnut oil supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual growth rate of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The refined groundnut oil export price in Asia stood at $X per tonne in 2019, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports in Asia

After five years of growth, purchases abroad of refined groundnut oil decreased by -X% to X tonnes in 2019. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, refined groundnut oil imports fell to $X in 2019. Total imports indicated modest growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

Hong Kong SAR dominates refined groundnut oil imports structure, resulting at X tonnes, which was approx. X% of total imports in 2019. Malaysia (X tonnes) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by Macao SAR (X%) and Singapore (X%). The following importers - the United Arab Emirates (X tonnes), Japan (X tonnes) and Qatar (X tonnes) - each amounted to a X% share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of refined groundnut oil. At the same time, Qatar (+X%), the United Arab Emirates (+X%), Macao SAR (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2019. By contrast, Malaysia (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Macao SAR, Hong Kong SAR, the United Arab Emirates, Qatar and Singapore increased by +X%, +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) and Malaysia (-X p.p.) saw their share reduced.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported refined groundnut oil in Asia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Hong Kong SAR stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-X% per year) and Macao SAR (+X% per year).

Import Prices by Country

In 2019, the refined groundnut oil import price in Asia amounted to $X per tonne, reducing by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in Asia?
+
Iran (18K tonnes) remains the largest refined groundnut oil consuming country in Asia, comprising approx. 53% of total volume. Moreover, refined groundnut oil consumption in Iran exceeded the figures recorded by the second-largest consumer, Hong Kong SAR (5.4K tonnes), threefold. The third position in this ranking was occupied by India (4.4K tonnes), with a 13% share.
What are the largest producers of refined groundnut oil in Asia?
+
The countries with the highest volumes of refined groundnut oil production in 2019 were Iran (18K tonnes), China (12K tonnes) and India (11K tonnes), together comprising 95% of total production.
What are the leading suppliers of refined groundnut oil in Asia?
+
In value terms, China ($21M) remains the largest refined groundnut oil supplier in Asia, comprising 49% of total exports. The second position in the ranking was occupied by India ($11M), with a 24% share of total exports. It was followed by Hong Kong SAR, with a 15% share.
What are the leading importers of refined groundnut oil in Asia?
+
In value terms, Hong Kong SAR ($17M) constitutes the largest market for imported refined groundnut oil in Asia, comprising 64% of total imports. The second position in the ranking was occupied by Malaysia ($2.2M), with a 8.4% share of total imports. It was followed by Macao SAR, with a 7.9% share.
What is the average export price for refined groundnut oil in Asia?
+
The refined groundnut oil export price in Asia stood at $2,013 per tonne in 2019, picking up by 31% against the previous year.
What is the average import price for refined groundnut oil in Asia?
+
The refined groundnut oil import price in Asia stood at $2,064 per tonne in 2019, shrinking by -6.1% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined groundnut oil market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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