
France - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
France: Crude Groundnut Oil Market 2023
Crude Groundnut Oil Market Size in France
After four years of decline, the French crude groundnut oil market increased by 54% to $X in 2021. In general, consumption, however, faced a deep downturn. Crude groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Crude Groundnut Oil Exports
Exports from France
In 2021, shipments abroad of crude groundnut oil increased by 1.1% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.
In value terms, crude groundnut oil exports rose rapidly to $X in 2021. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 with an increase of 84%. The exports peaked in 2021 and are expected to retain growth in the near future.
Exports by Country
Germany (X tons) was the main destination for crude groundnut oil exports from France, with a 62% share of total exports. Moreover, crude groundnut oil exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. New Caledonia (X tons) ranked third in terms of total exports with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+12.6% per year) and New Caledonia (+22.2% per year).
In value terms, Germany ($X) remains the key foreign market for crude groundnut oil exports from France, comprising 68% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 10% share of total exports. It was followed by Belgium, with a 6.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+22.9% per year) and Belgium (+8.0% per year).
Export Prices by Country
In 2021, the average crude groundnut oil export price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Groundnut Oil Imports
Imports into France
In 2021, purchases abroad of crude groundnut oil was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, crude groundnut oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Argentina (X tons) was the main supplier of crude groundnut oil to France, accounting for a approx. 98% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Argentina stood at -1.3%.
In value terms, Argentina ($X) constituted the largest supplier of crude groundnut oil to France.
From 2012 to 2021, the average annual growth rate of value from Argentina stood at -2.5%.
Import Prices by Country
The average crude groundnut oil import price stood at $X per ton in 2021, increasing by 26% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Argentina.
From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to -1.1% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the crude groundnut oil market in France. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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