Australia and Oceania: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in Australia and Oceania

For the third year in a row, the crude groundnut oil market in Australia and Oceania recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 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 2020, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Production in Australia and Oceania

In value terms, crude groundnut oil production dropped sharply to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2009 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Production By Country in Australia and Oceania

The country with the largest volume of crude groundnut oil production was New Zealand (X tonnes), accounting for X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in New Zealand amounted to +X%.

Crude Groundnut Oil Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of crude groundnut oil decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, crude groundnut oil exports declined rapidly to $X in 2020. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Australia dominates crude groundnut oil exports structure, accounting for X tonnes, which was approx. X% of total exports in 2020. New Zealand (X kg) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of exports of crude groundnut oil. New Zealand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Australia increased by +X% percentage points, while New Zealand (-X p.p.) saw their share reduced.

In value terms, Australia ($X) remains the largest crude groundnut oil supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Australia totaled -X%.

Export Prices by Country

The crude groundnut oil export price in Australia and Oceania stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was New Zealand ($X per tonne), while Australia amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand.

Crude Groundnut Oil Imports

Imports in Australia and Oceania

Crude groundnut oil imports totaled X tonnes in 2020, almost unchanged from 2019 figures. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, crude groundnut oil imports declined modestly to $X in 2020. In general, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tonnes) represented the main importer of crude groundnut oil, committing X% of total imports. French Polynesia (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Marshall Islands (X%).

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Marshall Islands (+X%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. French Polynesia experienced a relatively flat trend pattern. From 2007 to 2020, the share of French Polynesia and Marshall Islands increased by +X% and +X% percentage points, while Australia (-X p.p.) saw their share reduced.

In value terms, Australia ($X) constitutes the largest market for imported crude groundnut oil in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by French Polynesia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in Australia amounted to -X%. In the other countries, the average annual rates were as follows: French Polynesia (-X% per year) and Marshall Islands (+X% per year).

Import Prices by Country

In 2020, the crude groundnut oil import price in Australia and Oceania amounted to $X per tonne, with a decrease of -X% against the previous year. Import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2019, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($X per tonne), while French Polynesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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French Polynesia (16 tonnes) remains the largest crude groundnut oil consuming country in Australia and Oceania, comprising approx. 68% of total volume. Moreover, crude groundnut oil consumption in French Polynesia exceeded the figures recorded by the second-largest consumer, Marshall Islands (3.8 tonnes), fourfold. Australia (1.4 tonnes) ranked third in terms of total consumption with a 6.1% share.

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

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New Zealand (1.8 tonnes) constituted the country with the largest volume of crude groundnut oil production, accounting for 100% of total volume.

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

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In value terms, Australia ($50K) remains the largest crude groundnut oil supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was occupied by New Zealand ($11K), with a 18% share of total exports.

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

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In value terms, Australia ($166K) constitutes the largest market for imported crude groundnut oil in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was occupied by French Polynesia ($22K), with a 11% share of total imports.

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

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The crude groundnut oil export price in Australia and Oceania stood at $1,404 per tonne in 2020, surging by 16% against the previous year.

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

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The crude groundnut oil import price in Australia and Oceania stood at $3,116 per tonne in 2020, dropping by -1.5% against the previous year.