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

Refined Groundnut Oil Market Size in China

The Chinese refined groundnut oil market was estimated at $X in 2019, approximately mirroring the previous year. In general, consumption, however, recorded strong growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Refined groundnut oil consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Refined Groundnut Oil Production in China

In value terms, refined groundnut oil production rose modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Refined Groundnut Oil Exports

Exports from China

Refined groundnut oil exports from China was estimated at X tonnes in 2019, approximately equating 2018. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, refined groundnut oil exports rose markedly to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for refined groundnut oil exports from China, with a X% share of total exports. Moreover, refined groundnut oil exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X tonnes), ninefold. The third position in this ranking was occupied by Macao SAR (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Macao SAR (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for refined groundnut oil exports from China, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Macao SAR, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Macao SAR (+X% per year).

Export Prices by Country

In 2019, the average refined groundnut oil export price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, export price indicated temperate growth from 2007 to 2019: its price 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, refined groundnut oil export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to the U.S. ($X per tonne) and Macao SAR ($X per tonne), while the average price for exports to Malaysia ($X per tonne) and Hong Kong SAR ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into China

In 2019, approx. X tonnes of refined groundnut oil were imported into China; declining by -X% compared with the previous year. In general, imports saw a noticeable downturn. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, refined groundnut oil imports shrank sharply to $X in 2019. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Hong Kong SAR (X tonnes) constituted the largest supplier of refined groundnut oil to China, accounting for a X% share of total imports. Moreover, refined groundnut oil imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Myanmar (X% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of refined groundnut oil to China, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Hong Kong SAR amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, increasing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Myanmar, 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?
+
The country with the largest volume of refined groundnut oil consumption was Italy (39K tonnes), accounting for 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) constituted the country with the largest volume of refined groundnut oil production, 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 China?
+
In value terms, Hong Kong SAR ($143K) constituted the largest supplier of refined groundnut oil to China, comprising 65% of total imports. The second position in the ranking was occupied by Australia ($43K), with a 19% share of total imports.
What are the leading importers of refined groundnut oil from China?
+
In value terms, Hong Kong SAR ($18M) remains the key foreign market for refined groundnut oil exports from China, comprising 84% of total exports. The second position in the ranking was occupied by Malaysia ($1.8M), with a 8.7% share of total exports. It was followed by Macao SAR, with a 2.9% share.
What is the average export price for refined groundnut oil in China?
+
The average refined groundnut oil export price stood at $2,162 per tonne in 2019, growing by 5.2% against the previous year.
What is the average import price for refined groundnut oil in China?
+
In 2019, the average refined groundnut oil import price amounted to $1,994 per tonne, rising by 8.5% 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 China. 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:

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