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

Refined Groundnut Oil Market Size in Portugal

The Portuguese refined groundnut oil market amounted to $X in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep slump. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Refined groundnut oil consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Refined Groundnut Oil Exports

Exports from Portugal

In 2019, shipments abroad of refined groundnut oil decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. In general, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes, and then dropped dramatically in the following year.

In value terms, refined groundnut oil exports fell notably to $X in 2019. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2018, and then shrank dramatically in the following year.

Exports by Country

France (X tonnes) was the main destination for refined groundnut oil exports from Portugal, accounting for a X% share of total exports. Moreover, refined groundnut oil exports to France exceeded the volume sent to the second major destination, Angola (X tonnes), fourfold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+X% per year) and the UK (+X% per year).

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

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

Export Prices by Country

In 2019, the average refined groundnut oil export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2012 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2019, the highest prices were recorded for prices to Angola ($X per tonne) and Spain ($X per tonne), while the average price for exports to Luxembourg ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Refined Groundnut Oil Imports

Imports into Portugal

In 2019, after two years of growth, there was significant decline in overseas purchases of refined groundnut oil, when their volume decreased by -X% to X tonnes. In general, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then shrank sharply in the following year.

In value terms, refined groundnut oil imports declined significantly to $X in 2019. Over the period under review, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, France (X tonnes) constituted the largest supplier of refined groundnut oil to Portugal, accounting for a X% share of total imports. Moreover, refined groundnut oil imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold.

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

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

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

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
The country with the largest volume of refined groundnut oil consumption was Italy (39K tonnes), 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. Nicaragua (8.7K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of refined groundnut oil in the world?
+
The country with the largest volume of refined groundnut oil production was Italy (38K tonnes), comprising approx. 30% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Iran (18K tonnes), twofold. Belgium (17K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of refined groundnut oil to Portugal?
+
In value terms, France ($342K) constituted the largest supplier of refined groundnut oil to Portugal, comprising 69% of total imports. The second position in the ranking was occupied by Italy ($99K), with a 20% share of total imports.
What are the leading importers of refined groundnut oil from Portugal?
+
In value terms, France ($27K) emerged as the key foreign market for refined groundnut oil exports from Portugal, comprising 57% of total exports. The second position in the ranking was occupied by Angola ($7.8K), with a 17% share of total exports. It was followed by the UK, with a 9% share.
What is the average export price for refined groundnut oil in Portugal?
+
In 2019, the average refined groundnut oil export price amounted to $1,358 per tonne, with a decrease of -18.3% against the previous year.
What is the average import price for refined groundnut oil in Portugal?
+
The average refined groundnut oil import price stood at $1,506 per tonne in 2019, waning by -12.4% 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 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 2007–2020
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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