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Portugal - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Portugal: Crude Groundnut Oil Market Overview 2021

Crude Groundnut Oil Market Size in Portugal

In 2019, the Portuguese crude groundnut oil market increased by X% to $X for the first time since 2013, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a deep contraction. Crude groundnut oil consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Crude Groundnut Oil Exports

Exports from Portugal

In 2019, shipments abroad of crude groundnut oil decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, crude groundnut oil exports shrank notably to $X in 2019. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Spain (X kg) was the main destination for crude groundnut oil exports from Portugal, accounting for a X% share of total exports. Moreover, crude groundnut oil exports to Spain exceeded the volume sent to the second major destination, Luxembourg (X kg), more than tenfold. The third position in this ranking was occupied by the Netherlands (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Spain stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and the Netherlands (+X% per year).

In value terms, Spain ($X) remains the key foreign market for crude groundnut oil exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Angola ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Spain stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, export price indicated a mild increase 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. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per tonne), while the average price for exports to Luxembourg ($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 Spain, while the prices for the other major destinations experienced a decline.

Crude Groundnut Oil Imports

Imports into Portugal

In 2019, supplies from abroad of crude groundnut oil decreased by -X% to X tonnes, falling for the fifth year in a row after two years of growth. Over the period under review, imports saw a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, crude groundnut oil imports contracted modestly to $X in 2019. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Spain (X tonnes) was the main supplier of crude groundnut oil to Portugal, accounting for a X% share of total imports. Moreover, crude groundnut oil imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and France (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of crude groundnut oil to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and France (-X% per year).

Import Prices by Country

In 2019, the average crude groundnut oil import price amounted to $X per tonne, with an increase of X% against the previous year. In general, import price indicated a temperate 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, crude groundnut oil import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?
+
The country with the largest volume of crude groundnut oil consumption was China (128K tonnes), comprising approx. 41% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Italy (41K tonnes), threefold. Senegal (35K tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of crude groundnut oil in the world?
+
The countries with the highest volumes of crude groundnut oil production in 2019 were Argentina (98K tonnes), Senegal (98K tonnes) and Brazil (70K tonnes), with a combined 78% share of global production. Nicaragua, Sudan, India and Gambia lagged somewhat behind, together comprising a further 19%.
What are the leading suppliers of crude groundnut oil to Portugal?
+
In value terms, Spain ($31K) constituted the largest supplier of crude groundnut oil to Portugal, comprising 86% of total imports. The second position in the ranking was occupied by Brazil ($1.3K), with a 3.5% share of total imports.
What are the leading importers of crude groundnut oil from Portugal?
+
In value terms, Spain ($2K) remains the key foreign market for crude groundnut oil exports from Portugal, comprising 91% of total exports. The second position in the ranking was occupied by Angola ($120), with a 5.6% share of total exports. It was followed by the Netherlands, with a 2% share.
What is the average export price for crude groundnut oil in Portugal?
+
The average crude groundnut oil export price stood at $2,037 per tonne in 2019, falling by -29.8% against the previous year.
What is the average import price for crude groundnut oil in Portugal?
+
The average crude groundnut oil import price stood at $1,850 per tonne in 2019, rising by 2.4% against the previous year.

Product coverage:
• Prodcom 10412200 - Crude groundnut oil and its fractions (excluding chemically modified)

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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