Latest Report Update: Apr 8, 2021

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

Refined Groundnut Oil Market Size in Chile

The Chilean refined groundnut oil market expanded to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a slight increase. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Refined groundnut oil consumption peaked in 2019 and is likely to see steady growth in the immediate term.

Refined Groundnut Oil Exports

Exports from Chile

In 2019, after two years of decline, there was decline in shipments abroad of refined groundnut oil, when their volume decreased by X% to X kg. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked at X kg in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, refined groundnut oil exports stood at $X in 2019. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X kg) was the main destination for refined groundnut oil exports from Chile, accounting for a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2007 to 2016, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average refined groundnut oil export price stood at $X per tonne in 2016, increasing by X% against the previous year. In general, the export price posted a remarkable increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2016, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Refined Groundnut Oil Imports

Imports into Chile

For the third consecutive year, Chile recorded growth in overseas purchases of refined groundnut oil, which increased by X% to X tonnes in 2019. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, refined groundnut oil imports reduced slightly to $X in 2019. Overall, imports saw a pronounced slump. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tonnes), the UK (X tonnes) and Taiwan (Chinese) (X kg) were the main suppliers of refined groundnut oil imports to Chile, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Argentina, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the UK ($X) and China ($X) were the largest refined groundnut oil suppliers to Chile, together accounting for X% of total imports.

In terms of the main suppliers, Argentina saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Argentina ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
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Italy (39K tonnes) remains the largest refined groundnut oil consuming country worldwide, comprising approx. 32% of total volume. Moreover, refined groundnut oil consumption in Italy exceeded the figures recorded by the second-largest consumer, Iran (18K tonnes), twofold. Nicaragua (8.7K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of refined groundnut oil in the world?
+
Italy (38K tonnes) remains the largest refined groundnut oil producing country worldwide, comprising approx. 30% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Iran (18K tonnes), twofold. Belgium (17K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of refined groundnut oil to Chile?
+
In value terms, Argentina ($3.2K), the UK ($2.6K) and China ($124) appeared to be the largest refined groundnut oil suppliers to Chile, with a combined 97% share of total imports.
What is the average export price for refined groundnut oil in Chile?
+
In 2016, the average refined groundnut oil export price amounted to $2,326 per tonne, picking up by 15% against the previous year.
What is the average import price for refined groundnut oil in Chile?
+
In 2019, the average refined groundnut oil import price amounted to $2,148 per tonne, reducing by -13.1% 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 Chile. 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:
• Chile

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Chile
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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