Report Italy - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Italy - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights
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Italy: Crude Groundnut Oil Market 2023

Crude Groundnut Oil Market Size in Italy

In 2021, the Italian crude groundnut oil market increased by 8.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Crude groundnut oil consumption peaked in 2021 and is likely to continue growth in the immediate term.

Crude Groundnut Oil Production in Italy

In value terms, crude groundnut oil production reached $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 456% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Crude Groundnut Oil Exports

Exports from Italy

In 2021, approx. X tons of crude groundnut oil were exported from Italy; increasing by 94% on the previous year. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 114%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, crude groundnut oil exports soared to $X in 2021. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for crude groundnut oil exports from Italy, with a 59% share of total exports. Moreover, crude groundnut oil exports to the Netherlands exceeded the volume sent to the second major destination, Ghana (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +116.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+18.7% per year) and France (-13.3% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for crude groundnut oil exports from Italy, comprising 72% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 5.8% share of total exports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +129.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+23.5% per year) and France (-17.5% per year).

Export Prices by Country

In 2021, the average crude groundnut oil export price amounted to $X per ton, jumping by 66% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cameroon ($X per ton), while the average price for exports to Ghana ($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 China (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Groundnut Oil Imports

Imports into Italy

In 2021, supplies from abroad of crude groundnut oil decreased by -2.6% to X tons, falling for the fourth consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, crude groundnut oil imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Brazil (X tons) constituted the largest crude groundnut oil supplier to Italy, with a 53% share of total imports. Moreover, crude groundnut oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Nicaragua (X tons), twofold. Senegal (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+15.6% per year) and Senegal (+8.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of crude groundnut oil to Italy, comprising 52% of total imports. The second position in the ranking was held by Nicaragua ($X), with a 23% share of total imports. It was followed by Senegal, with a 21% share.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (+21.8% per year) and Senegal (+7.2% per year).

Import Prices by Country

In 2021, the average crude groundnut oil import price amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Senegal ($X per ton) and Nicaragua ($X per ton), while the price for Sudan ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?
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The country with the largest volume of crude groundnut oil consumption was China, comprising approx. 39% of total volume. Moreover, crude 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 Nigeria, with a 6.7% share.
What are the largest producers of crude groundnut oil in the world?
+
The countries with the highest volumes of production in 2021 were China, South Africa and Nigeria, with a combined 63% share of global production. These countries were followed by India, Senegal, Myanmar, Sudan, Guinea, the United States and Argentina, which together accounted for a further 20%.
What are the leading suppliers of crude groundnut oil to Italy?
+
In value terms, Brazil constituted the largest supplier of crude groundnut oil to Italy, comprising 52% of total imports. The second position in the ranking was held by Nicaragua, with a 23% share of total imports. It was followed by Senegal, with a 21% share.
What are the leading importers of crude groundnut oil from Italy?
+
In value terms, the Netherlands emerged as the key foreign market for crude groundnut oil exports from Italy, comprising 72% of total exports. The second position in the ranking was held by Cameroon, with a 5.8% share of total exports. It was followed by France, with a 4.7% share.
What is the average export price for crude groundnut oil in Italy?
+
In 2021, the average crude groundnut oil export price amounted to $4,734 per ton, picking up by 66% against the previous year.
What is the average import price for crude groundnut oil in Italy?
+
In 2021, the average crude groundnut oil import price amounted to $1,968 per ton, picking up by 18% against the previous year.

This report provides an in-depth analysis of the crude groundnut oil market in Italy. 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:
• Italy

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Italy
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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