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Italy - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Italy: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in Italy

In 2019, the Italian refined groundnut oil market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. Over the period under review, consumption saw a temperate increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Refined Groundnut Oil Production in Italy

In value terms, refined groundnut oil production rose markedly to $X in 2019 estimated in export prices. Over the period under review, production enjoyed a perceptible increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2019, production growth remained at a lower figure.

Refined Groundnut Oil Exports

Exports from Italy

In 2019, after three years of growth, there was significant decline in overseas shipments of refined groundnut oil, when their volume decreased by -X% to X tonnes. Overall, exports, however, recorded modest growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2018, and then contracted in the following year.

In value terms, refined groundnut oil exports dropped notably to $X in 2019. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tonnes), Austria (X tonnes) and Germany (X tonnes) were the main destinations of refined groundnut oil exports from Italy, together accounting for X% 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 Austria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined groundnut oil exported from Italy were France ($X), Austria ($X) and Germany ($X), with a combined X% share of total exports.

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

Export Prices by Country

The average refined groundnut oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price showed a mild reduction. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Sweden ($X per tonne), while the average price for exports to Austria ($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 Netherlands, while the prices for the other major destinations experienced a decline.

Refined Groundnut Oil Imports

Imports into Italy

After three years of growth, purchases abroad of refined groundnut oil decreased by -X% to X tonnes in 2019. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then dropped significantly in the following year.

In value terms, refined groundnut oil imports declined dramatically to $X in 2019. Over the period under review, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then reduced remarkably in the following year.

Imports by Country

In 2019, Nicaragua (X tonnes) constituted the largest supplier of refined groundnut oil to Italy, with a X% share of total imports. Moreover, refined groundnut oil imports from Nicaragua exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), eightfold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Nicaragua stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and France (-X% per year).

In value terms, Nicaragua ($X) constituted the largest supplier of refined groundnut oil to Italy, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Nicaragua totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Bulgaria (-X% per year).

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bulgaria, 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 refined groundnut oil in the world?
+
Italy (39K tonnes) remains the largest refined groundnut oil consuming country worldwide, accounting for 32% of total volume. Moreover, refined groundnut oil consumption in Italy exceeded the figures recorded by the second-largest consumer, Iran (18K tonnes), twofold. The third position in this ranking was occupied by Nicaragua (8.7K tonnes), with a 7.2% share.
What are the largest producers of refined groundnut oil in the world?
+
Italy (38K tonnes) remains the largest refined groundnut oil producing country worldwide, accounting for 30% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Iran (18K tonnes), twofold. The third position in this ranking was occupied by Belgium (17K tonnes), with a 14% share.
What are the leading suppliers of refined groundnut oil to Italy?
+
In value terms, Nicaragua ($2.4M) constituted the largest supplier of refined groundnut oil to Italy, comprising 74% of total imports. The second position in the ranking was occupied by Belgium ($463K), with a 14% share of total imports. It was followed by Bulgaria, with a 5.6% share.
What are the leading importers of refined groundnut oil from Italy?
+
In value terms, France ($643K), Austria ($550K) and Germany ($410K) were the largest markets for refined groundnut oil exported from Italy worldwide, together accounting for 67% of total exports.
What is the average export price for refined groundnut oil in Italy?
+
In 2019, the average refined groundnut oil export price amounted to $1,634 per tonne, falling by -10% against the previous year.
What is the average import price for refined groundnut oil in Italy?
+
The average refined groundnut oil import price stood at $1,473 per tonne in 2019, surging by 12% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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