Australia and Oceania: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in Australia and Oceania

After two years of growth, the crude groundnut oil market in Australia and Oceania decreased by -X% to $X in 2019. In general, consumption continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Crude Groundnut Oil Production in Australia and Oceania

In value terms, crude groundnut oil production soared to $X in 2019 estimated in export prices. In general, production recorded resilient growth. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

Production By Country in Australia and Oceania

Australia (X tonnes) constituted the country with the largest volume of crude groundnut oil production, comprising approx. X% of total volume.

From 2009 to 2019, the average annual rate of growth in terms of volume in Australia totaled +X%.

Crude Groundnut Oil Exports

Exports in Australia and Oceania

In 2019, overseas shipments of crude groundnut oil increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, crude groundnut oil exports soared to $X in 2019. Over the period under review, exports showed a moderate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Australia (X tonnes) was the largest exporter of crude groundnut oil in Australia and Oceania, generating X% of total export.

Australia was also the fastest-growing in terms of the crude groundnut oil exports, with a CAGR of +X% from 2007 to 2019. From 2007 to 2019, the share of Australia increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest crude groundnut oil supplier in Australia and Oceania.

In Australia, crude groundnut oil exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the crude groundnut oil export price in Australia and Oceania amounted to $X per tonne, approximately reflecting the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2007 to 2019, the rate of growth in terms of prices for Australia amounted to -X% per year.

Crude Groundnut Oil Imports

Imports in Australia and Oceania

In 2019, the amount of crude groundnut oil imported in Australia and Oceania soared to X tonnes, picking up by X% compared with the previous year's figure. Over the period under review, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, crude groundnut oil imports soared to $X in 2019. Overall, imports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. The level of import peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Australia (X tonnes) represented the main importer of crude groundnut oil in Australia and Oceania, generating X% of total import.

Australia was also the fastest-growing in terms of the crude groundnut oil imports, with a CAGR of -X% from 2007 to 2019. Australia (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported crude groundnut oil in Australia and Oceania.

From 2007 to 2019, the average annual growth rate of value in Australia stood at -X%.

Import Prices by Country

The crude groundnut oil import price in Australia and Oceania stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2019, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in Australia and Oceania?

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The countries with the highest volumes of crude groundnut oil consumption in 2019 were Cook Islands (1.4 tonnes), Marshall Islands (1.2 tonnes) and New Zealand (837 kg), with a combined 69% share of total consumption. Solomon Islands, New Caledonia, Papua New Guinea and Fiji lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of crude groundnut oil in Australia and Oceania?

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Australia (123 tonnes) remains the largest crude groundnut oil producing country in Australia and Oceania, comprising approx. 100% of total volume.

What are the leading exporters of crude groundnut oil in Australia and Oceania?

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In value terms, Australia ($349K) remains the largest crude groundnut oil supplier in Australia and Oceania.

What are the leading importers of crude groundnut oil in Australia and Oceania?

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In value terms, Australia ($230K) constitutes the largest market for imported crude groundnut oil in Australia and Oceania.

What is the average export price for crude groundnut oil in Australia and Oceania?

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In 2019, the crude groundnut oil export price in Australia and Oceania amounted to $1,187 per tonne, remaining relatively unchanged against the previous year.

What is the average import price for crude groundnut oil in Australia and Oceania?

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In 2019, the crude groundnut oil import price in Australia and Oceania amounted to $1,393 per tonne, rising by 4.1% against the previous year.