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

Refined Groundnut Oil Market Size in Colombia

The Colombian refined groundnut oil market fell notably to $X in 2019, reducing by -X% against the previous year. Over the period under review, consumption, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018, and then fell significantly in the following year.

Refined Groundnut Oil Production in Colombia

In value terms, refined groundnut oil production skyrocketed to $X in 2019 estimated in export prices. In general, production saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Refined Groundnut Oil Exports

Exports from Colombia

After four years of decline, shipments abroad of refined groundnut oil decreased by X% to X tonnes in 2019. Over the period under review, exports recorded pronounced growth. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, refined groundnut oil exports amounted to $X in 2019. Overall, exports continue to indicate a measured expansion. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for refined groundnut oil exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. was relatively modest.

Export Prices by Country

In 2019, the average refined groundnut oil export price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the export price saw a mild decrease. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

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

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

Refined Groundnut Oil Imports

Imports into Colombia

In 2019, refined groundnut oil imports into Colombia shrank sharply to X tonnes, reducing by -X% on the previous year's figure. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes, and then dropped significantly in the following year.

In value terms, refined groundnut oil imports declined significantly to $X in 2019. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of refined groundnut oil to Colombia, accounting for a X% share of total imports. Moreover, refined groundnut oil imports from the U.S. exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Thailand (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of refined groundnut oil to Colombia, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, falling by -X% against the previous year. In general, import price indicated slight 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 import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
Italy (39K tonnes) constituted the country with the largest volume of refined groundnut oil consumption, 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. The third position in this ranking was occupied by Nicaragua (8.7K tonnes), 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, accounting for 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 Colombia?
+
In value terms, the U.S. ($85K) constituted the largest supplier of refined groundnut oil to Colombia, comprising 91% of total imports. The second position in the ranking was occupied by France ($5.6K), with a 6% share of total imports.
What is the average export price for refined groundnut oil in Colombia?
+
The average refined groundnut oil export price stood at $4,654 per tonne in 2019, approximately mirroring the previous year.
What is the average import price for refined groundnut oil in Colombia?
+
In 2019, the average refined groundnut oil import price amounted to $6,225 per tonne, shrinking by -2.4% 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 Colombia. 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:
• Colombia

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