Report Update Apr 1, 2024

Finland - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Groundnut Oil Market 2024

Groundnut Oil Market Size in Finland

After two years of decline, the Finnish groundnut oil market increased by X% to $X in 2022. Overall, consumption, however, showed a deep contraction. Groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Groundnut Oil Exports

Exports from Finland

Groundnut oil exports from Finland shrank rapidly to X kg in 2022, falling by X% compared with the year before. Over the period under review, exports, however, saw a significant increase. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, groundnut oil exports dropped remarkably to $X in 2022. In general, exports, however, recorded a significant increase. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

The Netherlands (X kg) was the main destination for groundnut oil exports from Finland, accounting for a X% share of total exports. Moreover, groundnut oil exports to the Netherlands exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%.

In value terms, France ($X) and the Netherlands ($X) were the largest markets for groundnut oil exported from Finland worldwide.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average groundnut oil export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a precipitous decline. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Groundnut Oil Imports

Imports into Finland

In 2022, imports of groundnut oil into Finland shrank rapidly to X tons, which is down by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, groundnut oil imports dropped to $X in 2022. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the main groundnut oil supplier to Finland, accounting for a X% share of total imports. Moreover, groundnut oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%.

In value terms, the Netherlands ($X) constituted the largest supplier of groundnut oil to Finland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%.

Import Prices by Country

In 2022, the average groundnut oil import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for groundnut oil in the world?

The country with the largest volume of groundnut oil consumption was China, comprising approx. 37% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, twofold. The third position in this ranking was held by India, with a 7.2% share.

What are the largest producers of groundnut oil in the world?

The countries with the highest volumes of production in 2022 were China, South Africa and India, with a combined 59% share of global production. Nigeria, Myanmar, Brazil, Sudan, Senegal, Guinea, the United States and Argentina lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of groundnut oil to Finland?

In value terms, the Netherlands constituted the largest supplier of groundnut oil to Finland, comprising 95% of total imports. The second position in the ranking was held by Germany, with a 3.2% share of total imports.

What are the leading importers of groundnut oil from Finland?

In value terms, France and the Netherlands were the largest markets for groundnut oil exported from Finland worldwide.

What is the average export price for groundnut oil in Finland?

The average groundnut oil export price stood at $4,111 per ton in 2022, picking up by 309% against the previous year.

What is the average import price for groundnut oil in Finland?

In 2022, the average groundnut oil import price amounted to $7,794 per ton, with an increase of 9.4% against the previous year.

This report provides an in-depth analysis of the groundnut oil market in Finland. 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:

Finland

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023