Germany: Ground-Nut Oil Market Overview 2021

Ground-Nut Oil Market Size in Germany

In 2019, the German ground-nut oil market increased by X% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Ground-Nut Oil Exports

Exports from Germany

For the third year in a row, Germany recorded decline in overseas shipments of ground-nut oil, which decreased by -X% to X tonnes in 2019. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, ground-nut oil exports fell notably to $X in 2019. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X tonnes), Austria (X tonnes) and the UK (X tonnes) were the main destinations of ground-nut oil exports from Germany, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ground-nut oil exported from Germany were Austria ($X), the UK ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the UK saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ground-nut oil export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, export price indicated moderate 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, ground-nut oil export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to the Netherlands ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Ground-Nut Oil Imports

Imports into Germany

In 2019, purchases abroad of ground-nut oil increased by X% to X tonnes, rising for the third consecutive year after four years of decline. In general, imports, however, recorded a drastic downturn. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, ground-nut oil imports soared to $X in 2019. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

Argentina (X tonnes), Belgium (X tonnes) and France (X tonnes) were the main suppliers of ground-nut oil imports to Germany, with a combined X% share of total imports. Italy, the U.S., Austria and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ground-nut oil suppliers to Germany were Argentina ($X), Belgium ($X) and France ($X), with a combined X% share of total imports. These countries were followed by the U.S., Italy, the Netherlands and Austria, which together accounted for a further X terms of the main suppliers, Italy recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average ground-nut oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, import price indicated a measured increase from 2007 to 2019: its price 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. Based on 2019 figures, ground-nut oil import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut oil in the world?

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The country with the largest volume of ground-nut oil consumption was China (3.8M tonnes), accounting for 51% of total volume. Moreover, ground-nut oil consumption in China exceeded the figures recorded by the second-largest consumer, India (1.5M tonnes), threefold. Nigeria (346K tonnes) ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of ground-nut oil in the world?

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China (3.6M tonnes) constituted the country with the largest volume of ground-nut oil production, comprising approx. 49% of total volume. Moreover, ground-nut oil production in China exceeded the figures recorded by the second-largest producer, India (1.5M tonnes), twofold. Nigeria (347K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of ground-nut oil to Germany?

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In value terms, the largest ground-nut oil suppliers to Germany were Argentina ($2.5M), Belgium ($1.8M) and France ($650K), with a combined 69% share of total imports. The U.S., Italy, the Netherlands and Austria lagged somewhat behind, together comprising a further 28%.

What are the leading importers of ground-nut oil from Germany?

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In value terms, Austria ($588K), the UK ($462K) and the Netherlands ($393K) constituted the largest markets for ground-nut oil exported from Germany worldwide, together comprising 55% of total exports.

What is the average export price for ground-nut oil in Germany?

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In 2019, the average ground-nut oil export price amounted to $2,876 per tonne, increasing by 14% against the previous year.

What is the average import price for ground-nut oil in Germany?

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In 2019, the average ground-nut oil import price amounted to $1,681 per tonne, shrinking by -15.3% against the previous year.