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

Crude Groundnut Oil Market Size in South Africa

In 2020, after two years of decline, there was significant growth in the South African crude groundnut oil market, when its value increased by X% to $X. Overall, consumption continues to indicate a mild slump. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Crude Groundnut Oil Production in South Africa

In value terms, crude groundnut oil production shrank rapidly to $X in 2020 estimated in export prices. In general, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Crude Groundnut Oil Exports

Exports from South Africa

In 2020, after two years of growth, there was significant decline in overseas shipments of crude groundnut oil, when their volume decreased by -X% to X tonnes. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, crude groundnut oil exports dropped remarkably to $X in 2020. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Zimbabwe (X tonnes), Angola (X tonnes) and Namibia (X tonnes) were the main destinations of crude groundnut oil exports from South Africa, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude groundnut oil exported from South Africa were Zimbabwe ($X), Angola ($X) and Namibia ($X), with a combined X% share of total exports.

Angola (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude groundnut oil export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price saw tangible growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Angola ($X per tonne), while the average price for exports to Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Angola, while the prices for the other major destinations experienced a decline.

Crude Groundnut Oil Imports

Imports into South Africa

In 2020, supplies from abroad of crude groundnut oil increased by X% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, crude groundnut oil imports surged to $X in 2020. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Hong Kong SAR (X kg) was the main supplier of crude groundnut oil to South Africa, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +X%.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of crude groundnut oil to South Africa.

From 2007 to 2020, the average annual rate of growth in terms of value from Hong Kong SAR stood at +X%.

Import Prices by Country

The average crude groundnut oil import price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price, however, showed buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Hong Kong SAR.

From 2007 to 2020, the rate of growth in terms of prices for Hong Kong SAR amounted to +X% per year.

Source: IndexBox 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 (269K tonnes), accounting for 47% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Senegal (93K tonnes), threefold. Argentina (44K tonnes) ranked third in terms of total consumption with a 7.6% 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 2020 were Senegal (101K tonnes), Argentina (99K tonnes) and Brazil (71K tonnes), with a combined 66% share of global production. Iraq, Iran, Nicaragua and India lagged somewhat behind, together accounting for a further 30%.
What are the leading suppliers of crude groundnut oil to South Africa?
+
In value terms, Hong Kong SAR ($992) constituted the largest supplier of crude groundnut oil to South Africa.
What are the leading importers of crude groundnut oil from South Africa?
+
In value terms, the largest markets for crude groundnut oil exported from South Africa were Zimbabwe ($13K), Angola ($11K) and Namibia ($3.2K), together accounting for 87% 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 $2,765 per tonne in 2020, rising by 127% against the previous year.
What is the average import price for crude groundnut oil in South Africa?
+
In 2020, the average crude groundnut oil import price amounted to $4,907 per tonne, reducing by -5.9% 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 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 2025.


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
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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