Report South Africa - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

South Africa - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Crude Groundnut Oil Market 2023

Crude Groundnut Oil Market Size in South Africa

In 2021, after six years of growth, there was significant decline in the South African crude groundnut oil market, when its value decreased by -48.3% to $X. Over the period under review, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the market value increased by 1.7%. Crude groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Crude Groundnut Oil Production in South Africa

In value terms, crude groundnut oil production declined notably to $X in 2021 estimated in export price. Overall, production showed a precipitous curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 137%. Crude groundnut oil production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Crude Groundnut Oil Exports

Exports from South Africa

After two years of decline, shipments abroad of crude groundnut oil increased by 2,055,144% to X tons in 2021. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude groundnut oil exports soared to $X in 2021. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for crude groundnut oil exports from South Africa, accounting for a 96% share of total exports. Moreover, crude groundnut oil exports to China exceeded the volume sent to the second major destination, Switzerland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +216.5%.

In value terms, China ($X) remains the key foreign market for crude groundnut oil exports from South Africa, comprising 96% of total exports. The second position in the ranking was held by Switzerland ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +178.1%.

Export Prices by Country

In 2021, the average crude groundnut oil export price amounted to $X per ton, falling by -47% against the previous year. In general, the export price faced a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-12.1%).

Crude Groundnut Oil Imports

Imports into South Africa

In 2021, after six years of growth, there was significant decline in overseas purchases of crude groundnut oil, when their volume decreased by -65.7% to X tons. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,528%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, crude groundnut oil imports surged to $X in 2021. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 277%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of crude groundnut oil to South Africa, with a 100% share of total imports. It was followed by Hong Kong SAR (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of crude groundnut oil to South Africa, comprising 100% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2021, rising by 481% against the previous year. Over the period under review, the import price showed buoyant growth. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Hong Kong SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-7.0%).

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 crude groundnut oil in the world?
+
China remains the largest crude groundnut oil consuming country worldwide, comprising approx. 39% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, twofold. Nigeria ranked third in terms of total consumption with a 6.7% share.
What are the largest producers of crude groundnut oil in the world?
+
The countries with the highest volumes of production in 2021 were China, South Africa and Nigeria, together comprising 63% of global production. India, Senegal, Myanmar, Sudan, Guinea, the United States and Argentina lagged somewhat behind, together comprising a further 20%.
What are the leading suppliers of crude groundnut oil to South Africa?
+
In value terms, Brazil constituted the largest supplier of crude groundnut oil to South Africa, comprising 100% of total imports. The second position in the ranking was held by Hong Kong SAR $3), with less than 0.1% share of total imports.
What are the leading importers of crude groundnut oil from South Africa?
+
In value terms, China remains the key foreign market for crude groundnut oil exports from South Africa, comprising 96% of total exports. The second position in the ranking was taken by Switzerland, with a 3.6% share of total exports.
What is the average export price for crude groundnut oil in South Africa?
+
The average crude groundnut oil export price stood at $439 per ton in 2021, falling by -47% against the previous year.
What is the average import price for crude groundnut oil in South Africa?
+
The average crude groundnut oil import price stood at $1,958 per ton in 2021, growing by 481% against the previous year.

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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