France: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in France

In 2019, the French crude groundnut oil market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Crude groundnut oil consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Crude Groundnut Oil Exports

Exports from France

For the seventh consecutive year, France recorded growth in shipments abroad of crude groundnut oil, which increased by X% to X tonnes in 2019. Overall, total exports indicated a temperate increase from 2007 to 2019: its volume 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, exports increased by +X% against 2012 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude groundnut oil exports expanded remarkably to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for crude groundnut oil exports from France, with a X% share of total exports. Moreover, crude groundnut oil exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tonnes), more than tenfold. Belgium (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Belgium (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2019, the average crude groundnut oil export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced mixed trend patterns.

Crude Groundnut Oil Imports

Imports into France

In 2019, purchases abroad of crude groundnut oil decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, crude groundnut oil imports fell to $X in 2019. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

Senegal (X tonnes), Argentina (X tonnes) and Italy (X tonnes) were the main suppliers of crude groundnut oil imports to France, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Senegal ($X), Argentina ($X) and Italy ($X) appeared to be the largest crude groundnut oil suppliers to France, together accounting for X% of total imports.

Italy saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average crude groundnut oil import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Hong Kong SAR ($X per tonne) and Italy ($X per tonne), while the price for Senegal ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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China (128K tonnes) constituted the country with the largest volume of crude groundnut oil consumption, accounting for 41% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Italy (41K tonnes), threefold. The third position in this ranking was occupied by Senegal (35K tonnes), with a 11% share.

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

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The countries with the highest volumes of crude groundnut oil production in 2019 were Argentina (98K tonnes), Senegal (98K tonnes) and Brazil (70K tonnes), together accounting for 78% of global production. Nicaragua, Sudan, India and Gambia lagged somewhat behind, together comprising a further 19%.

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

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In value terms, the largest crude groundnut oil suppliers to France were Senegal ($6.1M), Argentina ($4.9M) and Italy ($651K), with a combined 96% share of total imports.

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

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In value terms, the Netherlands ($880K) remains the key foreign market for crude groundnut oil exports from France, comprising 70% of total exports. The second position in the ranking was occupied by Belgium ($121K), with a 9.7% share of total exports. It was followed by Germany, with a 9.3% share.

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

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In 2019, the average crude groundnut oil export price amounted to $1,612 per tonne, with a decrease of -15.9% against the previous year.

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

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In 2019, the average crude groundnut oil import price amounted to $1,284 per tonne, with an increase of 1.9% against the previous year.