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

Refined Groundnut Oil Market Size in Eastern Asia

The East Asian refined groundnut oil market shrank notably to $X in 2019, waning by -X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Refined Groundnut Oil Production in Eastern Asia

In value terms, refined groundnut oil production expanded modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

Production By Country in Eastern Asia

The country with the largest volume of refined groundnut oil production was China (X tonnes), accounting for X% of total volume.

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

Refined Groundnut Oil Exports

Exports in Eastern Asia

In 2019, the amount of refined groundnut oil exported in Eastern Asia rose notably to X tonnes, increasing by X% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. The volume of export peaked in 2019 and is expected to retain growth in the immediate term.

In value terms, refined groundnut oil exports reached $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, China (X tonnes) represented the main exporter of refined groundnut oil, comprising X% of total exports. It was distantly followed by Hong Kong SAR (X tonnes), generating a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of refined groundnut oil. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2019. While the share of Hong Kong SAR (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of China (-X p.p.) displayed negative dynamics.

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

In China, refined groundnut oil exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The refined groundnut oil export price in Eastern Asia stood at $X per tonne in 2019, with an increase of X% against the previous year. Export price indicated noticeable 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 pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while China amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Refined Groundnut Oil Imports

Imports in Eastern Asia

In 2019, after five years of growth, there was significant decline in supplies from abroad of refined groundnut oil, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, refined groundnut oil imports declined sharply to $X in 2019. Total imports indicated a mild expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

Hong Kong SAR prevails in refined groundnut oil imports structure, reaching X tonnes, which was approx. X% of total imports in 2019. It was distantly followed by Macao SAR (X tonnes), comprising a X% share of total imports. Japan (X tonnes) took a little share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of refined groundnut oil. At the same time, Macao SAR (+X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2019. By contrast, Japan (-X%) illustrated a downward trend over the same period. Macao SAR (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported refined groundnut oil in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in Hong Kong SAR stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Macao SAR (+X% per year) and Japan (-X% per year).

Import Prices by Country

In 2019, the refined groundnut oil import price in Eastern Asia amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Japan ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in Eastern Asia?
+
Hong Kong SAR (5.4K tonnes) remains the largest refined groundnut oil consuming country in Eastern Asia, comprising approx. 62% of total volume. Moreover, refined groundnut oil consumption in Hong Kong SAR exceeded the figures recorded by the second-largest consumer, China (2.1K tonnes), threefold. The third position in this ranking was occupied by Macao SAR (951 tonnes), with a 11% share.
What are the largest producers of refined groundnut oil in Eastern Asia?
+
The country with the largest volume of refined groundnut oil production was China (12K tonnes), comprising approx. 100% of total volume.
What are the leading suppliers of refined groundnut oil in Eastern Asia?
+
In value terms, China ($21M) remains the largest refined groundnut oil supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($6.5M), with a 23% share of total exports.
What are the leading importers of refined groundnut oil in Eastern Asia?
+
In value terms, Hong Kong SAR ($17M) constitutes the largest market for imported refined groundnut oil in Eastern Asia, comprising 83% of total imports. The second position in the ranking was occupied by Macao SAR ($2M), with a 10% share of total imports.
What is the average export price for refined groundnut oil in Eastern Asia?
+
The refined groundnut oil export price in Eastern Asia stood at $2,207 per tonne in 2019, surging by 1.7% against the previous year.
What is the average import price for refined groundnut oil in Eastern Asia?
+
The refined groundnut oil import price in Eastern Asia stood at $2,057 per tonne in 2019, reducing by -7.9% 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 Eastern Asia. 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:
• China, Macao SAR
• Democratic People's Republic of Korea
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• China, Hong Kong SAR
• China, Macao SAR
• Japan
• South Korea
• Taiwan, Chinese
• Democratic People's Republic of Korea
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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