France: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in France

In 2020, the French crude groundnut oil market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Crude Groundnut Oil Exports

Exports from France

In 2020, after two years of growth, there was significant decline in overseas shipments of crude groundnut oil, when their volume decreased by -X% to X tonnes. Over the period under review, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports shrank notably to $X in 2020. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for crude groundnut oil exports from France, accounting for a X% share of total exports. Moreover, crude groundnut oil exports to Germany exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Belgium (-X% per year).

In value terms, Germany ($X) emerged as the key foreign market for crude groundnut oil exports from France, comprising X% of total exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Canada (+X% per year).

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the export price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Crude Groundnut Oil Imports

Imports into France

In 2020, approx. X tonnes of crude groundnut oil were imported into France; reducing by -X% compared with the previous year's figure. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, crude groundnut oil imports plummeted to $X in 2020. In general, imports showed a deep setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Argentina (X tonnes) was the main supplier of crude groundnut oil to France, with a X% share of total imports. It was followed by Italy (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Argentina stood at -X%.

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

From 2007 to 2020, the average annual growth rate of value from Argentina totaled -X%.

Import Prices by Country

The average crude groundnut oil import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, import price indicated modest growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, crude groundnut oil import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2012 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Argentina amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

+

China (269K tonnes) constituted the country with the largest volume of crude groundnut oil consumption, comprising approx. 47% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Senegal (93K tonnes), threefold. Argentina (44K tonnes) ranked third in terms of total consumption with a 7.6% share.

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

+

The countries with the highest volumes of crude groundnut oil production in 2020 were Senegal (101K tonnes), Argentina (99K tonnes) and Brazil (71K tonnes), together comprising 66% of global production. These countries were followed by Iraq, Iran, Nicaragua and India, which together accounted for a further 30%.

What are the leading suppliers of crude groundnut oil to France?

+

In value terms, Argentina ($9.4M) constituted the largest supplier of crude groundnut oil to France, comprising 95% of total imports. The second position in the ranking was occupied by Italy ($174K), with a 1.7% share of total imports.

What are the leading importers of crude groundnut oil from France?

+

In value terms, Germany ($288K) emerged as the key foreign market for crude groundnut oil exports from France, comprising 65% of total exports. The second position in the ranking was occupied by Belgium ($31K), with a 6.9% share of total exports. It was followed by Canada, with a 5.9% share.

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

+

In 2020, the average crude groundnut oil export price amounted to $2,832 per tonne, growing by 73% against the previous year.

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

+

The average crude groundnut oil import price stood at $1,598 per tonne in 2020, rising by 24% against the previous year.