CIS: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in CIS

For the third year in a row, the CIS crude groundnut oil market recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. The level of consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Production in CIS

In value terms, crude groundnut oil production rose notably to $X in 2020 estimated in export prices. Over the period under review, production recorded a mild contraction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Production By Country in CIS

Uzbekistan (X tonnes) remains the largest crude groundnut oil producing country in the CIS, accounting for X% of total volume.

In Uzbekistan, crude groundnut oil production expanded at an average annual rate of +X% over the period from 2007-2020.

Crude Groundnut Oil Exports

Exports in CIS

In 2020, the amount of crude groundnut oil exported in the CIS shrank markedly to X kg, which is down by -X% compared with the year before. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, crude groundnut oil exports fell markedly to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The shipments of the one major exporters of crude groundnut oil, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the crude groundnut oil exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest crude groundnut oil supplier in the CIS.

In Russia, crude groundnut oil exports remained relatively stable over the period from 2007-2020.

Export Prices by Country

In 2020, the crude groundnut oil export price in the CIS amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2019, and then dropped notably in the following year.

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

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to +X% per year.

Crude Groundnut Oil Imports

Imports in CIS

For the third year in a row, the CIS recorded decline in overseas purchases of crude groundnut oil, which decreased by -X% to X tonnes in 2020. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, crude groundnut oil imports declined rapidly to $X in 2020. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Russia prevails in crude groundnut oil imports structure, resulting at X tonnes, which was approx. X% of total imports in 2020. It was distantly followed by Belarus (X kg), committing an X% share of total imports. Kazakhstan (X kg), Tajikistan (X kg) and Moldova (X kg) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to crude groundnut oil imports into Russia stood at -X%. At the same time, Tajikistan (+X%), Kazakhstan (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. By contrast, Belarus (-X%) illustrated a downward trend over the same period. Kazakhstan (+X p.p.), Tajikistan (+X p.p.) and Moldova (+X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported crude groundnut oil in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

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

Import Prices by Country

In 2020, the crude groundnut oil import price in the CIS amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight slump. The growth pace was the most rapid in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Tajikistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the CIS?

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The countries with the highest volumes of crude groundnut oil consumption in 2020 were Uzbekistan (3.5 tonnes), Russia (1.9 tonnes) and Belarus (210 kg), with a combined 97% share of total consumption.

What are the largest producers of crude groundnut oil in the CIS?

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Uzbekistan (3.5 tonnes) remains the largest crude groundnut oil producing country in the CIS, accounting for 100% of total volume.

What are the leading suppliers of crude groundnut oil in the CIS?

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In value terms, Russia ($329) remains the largest crude groundnut oil supplier in the CIS.

What are the leading importers of crude groundnut oil in the CIS?

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In value terms, Russia ($8.3K) constitutes the largest market for imported crude groundnut oil in the CIS, comprising 79% of total imports. The second position in the ranking was occupied by Belarus ($1.3K), with a 13% share of total imports. It was followed by Kazakhstan, with a 6.1% share.

What is the average export price for crude groundnut oil in the CIS?

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In 2020, the crude groundnut oil export price in the CIS amounted to $3,879 per tonne, dropping by -30.8% against the previous year.

What is the average import price for crude groundnut oil in the CIS?

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In 2020, the crude groundnut oil import price in the CIS amounted to $4,410 per tonne, picking up by 2.6% against the previous year.