Report Czech Republic - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

Czech Republic - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Czech Republic: Crude Groundnut Oil Market 2023

Crude Groundnut Oil Market Size in the Czech Republic

The Czech crude groundnut oil market declined to $X in 2021, which is down by -11.1% against the previous year. In general, consumption saw a mild setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Production in the Czech Republic

In value terms, crude groundnut oil production declined significantly to $X in 2021 estimated in export price. In general, production showed a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 114% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Crude Groundnut Oil Exports

Exports from the Czech Republic

In 2021, shipments abroad of crude groundnut oil decreased by -20% to X kg for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 400%. As a result, the exports attained the peak of X kg, and then fell notably in the following year.

In value terms, crude groundnut oil exports reduced sharply to $X in 2021. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 566% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Slovakia (X kg) was the main destination for crude groundnut oil exports from the Czech Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Slovakia totaled +39.5%.

In value terms, Slovakia ($X) emerged as the key foreign market for crude groundnut oil exports from the Czech Republic.

From 2012 to 2021, the average annual growth rate of value to Slovakia totaled +27.3%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2021, which is down by -14.5% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to -8.3% per year.

Crude Groundnut Oil Imports

Imports into the Czech Republic

In 2021, crude groundnut oil imports into the Czech Republic soared to X tons, increasing by 269% compared with the previous year. In general, imports posted a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude groundnut oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest crude groundnut oil supplier to the Czech Republic, accounting for a 84% share of total imports. Moreover, crude groundnut oil imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), sevenfold. The third position in this ranking was held by Hungary (X kg), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.8% per year) and Hungary (+1.9% per year).

In value terms, Italy ($X) constituted the largest supplier of crude groundnut oil to the Czech Republic, comprising 74% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Hungary, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.7% per year) and Hungary (+12.4% per year).

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2021, with a decrease of -14.1% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?
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China constituted the country with the largest volume of crude groundnut oil consumption, comprising approx. 39% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, twofold. Nigeria ranked third in terms of total consumption with a 6.7% share.
What are the largest producers of crude groundnut oil in the world?
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The countries with the highest volumes of production in 2021 were China, South Africa and Nigeria, with a combined 63% share of global production. India, Senegal, Myanmar, Sudan, Guinea, the United States and Argentina lagged somewhat behind, together comprising a further 20%.
What are the leading suppliers of crude groundnut oil to the Czech Republic?
+
In value terms, Italy constituted the largest supplier of crude groundnut oil to the Czech Republic, comprising 74% of total imports. The second position in the ranking was held by the Netherlands, with a 13% share of total imports. It was followed by Hungary, with a 5.1% share.
What are the leading importers of crude groundnut oil from the Czech Republic?
+
In value terms, Slovakia $132) emerged as the key foreign market for crude groundnut oil exports from the Czech Republic.
What is the average export price for crude groundnut oil in the Czech Republic?
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In 2021, the average crude groundnut oil export price amounted to $6,600 per ton, falling by -14.5% against the previous year.
What is the average import price for crude groundnut oil in the Czech Republic?
+
The average crude groundnut oil import price stood at $3,275 per ton in 2021, shrinking by -14.1% against the previous year.

This report provides an in-depth analysis of the crude groundnut oil market in the Czech Republic. 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 2030.


Product coverage:
• FCL 244 - Oil of Groundnuts
Country coverage:
• Czech Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Czech Republic
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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