Report Latin America and the Caribbean - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

Latin America and the Caribbean - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Groundnut Oil Market 2023

Groundnut Oil Market Size in Latin America and the Caribbean

The Latin American groundnut oil market surged to $X in 2021, growing by 16% against the previous year. Overall, consumption enjoyed a buoyant expansion. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Groundnut Oil Production in Latin America and the Caribbean

In value terms, groundnut oil production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 38%. As a result, production attained the peak level of $X, and then shrank in the following year.

Groundnut Oil Exports

Exports in Latin America and the Caribbean

In 2021, groundnut oil exports in Latin America and the Caribbean shrank to X tons, which is down by -10.9% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, groundnut oil exports stood at $X in 2021. Overall, exports recorded a mild contraction. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X tons, which finished at 68% of total exports. Argentina (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Nicaragua (15%).

Brazil was also the fastest-growing in terms of the groundnut oil exports, with a CAGR of +9.4% from 2012 to 2021. Nicaragua experienced a relatively flat trend pattern. Argentina (-11.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +36 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest groundnut oil supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +6.6%. In the other countries, the average annual rates were as follows: Argentina (-12.4% per year) and Nicaragua (-0.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 17% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2020 when the export price increased by 40% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (-0.6%), while the other leaders experienced a decline in the export price figures.

Groundnut Oil Imports

Imports in Latin America and the Caribbean

Groundnut oil imports skyrocketed to X tons in 2021, rising by 37% on the previous year. In general, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 73%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, groundnut oil imports soared to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 73%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Mexico (X tons) and Brazil (X tons) were the main importers of groundnut oil in Latin America and the Caribbean, together reaching approx. 56% of total imports. Colombia (X tons) held the next position in the ranking, followed by Antigua and Barbuda (X tons). All these countries together took approx. 15% share of total imports. Peru (X tons), Guatemala (X tons), Argentina (X tons), Panama (X tons), Trinidad and Tobago (X tons) and Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported groundnut oil in Latin America and the Caribbean, comprising 49% of total imports. The second position in the ranking was held by Mexico ($X), with a 19% share of total imports. It was followed by Colombia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +20.9%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+11.7% per year) and Colombia (+16.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, jumping by 23% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, groundnut oil import price decreased by -1.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 89%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.8%), while the other leaders 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 groundnut oil in LatAmerica and the Caribbean?
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The country with the largest volume of groundnut oil consumption was Argentina, accounting for 79% of total volume. Moreover, groundnut oil consumption in Argentina exceeded the figures recorded by the second-largest consumer, Nicaragua, ninefold. The third position in this ranking was taken by Mexico, with a 2.9% share.
What are the largest producers of groundnut oil in LatAmerica and the Caribbean?
+
The countries with the highest volumes of production in 2021 were Argentina, Brazil and Nicaragua, together accounting for 96% of total production.
What are the leading exporters of groundnut oil in LatAmerica and the Caribbean?
+
In value terms, Brazil remains the largest groundnut oil supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was held by Argentina, with a 16% share of total exports.
What are the leading importers of groundnut oil in LatAmerica and the Caribbean?
+
In value terms, Brazil constitutes the largest market for imported groundnut oil in Latin America and the Caribbean, comprising 49% of total imports. The second position in the ranking was held by Mexico, with a 19% share of total imports. It was followed by Colombia, with a 5.9% share.
What is the average export price for groundnut oil in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $1,800 per ton, surging by 17% against the previous year.
What is the average import price for groundnut oil in LatAmerica and the Caribbean?
+
In 2021, the import price in Latin America and the Caribbean amounted to $4,544 per ton, growing by 23% against the previous year.

This report provides an in-depth analysis of the groundnut oil market in Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Panama
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Suriname
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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