Latest Report Update: Apr 10, 2021

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

Crude Groundnut Oil Market Size in Singapore

In 2019, the Singaporean crude groundnut oil market increased by X% to $X, rising for the seventh year in a row after two years of decline. In general, consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in years to come.

Crude Groundnut Oil Exports

Exports from Singapore

In 2019, the amount of crude groundnut oil exported from Singapore shrank remarkably to X tonnes, with a decrease of -X% compared with the previous year's figure. Overall, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, crude groundnut oil exports shrank dramatically to $X in 2019. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Australia (X tonnes) was the main destination for crude groundnut oil exports from Singapore, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Australia amounted to +X%.

In value terms, Australia ($X) also remains the key foreign market for crude groundnut oil exports from Singapore.

From 2007 to 2019, the average annual rate of growth in terms of value to Australia stood at -X%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2007 to 2019, the rate of growth in terms of prices for Australia amounted to -X% per year.

Crude Groundnut Oil Imports

Imports into Singapore

In 2019, the amount of crude groundnut oil imported into Singapore rose sharply to X tonnes, picking up by X% on the year before. In general, total imports indicated a prominent expansion from 2007 to 2019: its volume 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, imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to continue growth in years to come.

In value terms, crude groundnut oil imports rose significantly to $X in 2019. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

India (X tonnes), Argentina (X tonnes) and the U.S. (X tonnes) were the main suppliers of crude groundnut oil imports to Singapore, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Argentina (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2019, the average crude groundnut oil import price amounted to $X per tonne, picking up by X% against the previous year. Overall, import price indicated a pronounced 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. Based on 2019 figures, crude groundnut oil import price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, 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?
+
China (128K tonnes) remains the largest crude groundnut oil consuming country worldwide, accounting for 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. These countries were followed by Nicaragua, Sudan, India and Gambia, which together accounted for a further 19%.
What are the leading suppliers of crude groundnut oil to Singapore?
+
In value terms, India ($4M) constituted the largest supplier of crude groundnut oil to Singapore, comprising 69% of total imports. The second position in the ranking was occupied by Argentina ($1M), with a 18% share of total imports.
What are the leading importers of crude groundnut oil from Singapore?
+
In value terms, Australia ($29K) remains the key foreign market for crude groundnut oil exports from Singapore.
What is the average export price for crude groundnut oil in Singapore?
+
The average crude groundnut oil export price stood at $1,323 per tonne in 2019, with a decrease of -36.4% against the previous year.
What is the average import price for crude groundnut oil in Singapore?
+
The average crude groundnut oil import price stood at $2,517 per tonne in 2019, picking up by 4.2% 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 Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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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