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U.S. - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in the U.S.

In 2020, the U.S. refined groundnut oil market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Refined Groundnut Oil Production in the U.S.

In value terms, refined groundnut oil production reached $X in 2020. Overall, the total production indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2014 to 2020, production growth remained at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports from the U.S.

In 2020, the amount of refined groundnut oil exported from the U.S. totaled X tonnes, picking up by X% compared with the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, refined groundnut oil exports rose sharply to $X in 2020. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X tonnes) was the main destination for refined groundnut oil exports from the U.S., accounting for a X% share of total exports. Moreover, refined groundnut oil exports to Canada exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), fourfold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and India (+X% per year).

In value terms, Canada ($X) remains the key foreign market for refined groundnut oil exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and India (+X% per year).

Export Prices by Country

In 2020, the average refined groundnut oil export price amounted to $X per tonne, flattening at the previous year. In general, the export price saw a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was India ($X per tonne), while the average price for exports to Guyana ($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 India, while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into the U.S.

In 2020, purchases abroad of refined groundnut oil decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, imports, however, saw a moderate increase. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, refined groundnut oil imports soared to $X in 2020. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in years to come.

Imports by Country

India (X tonnes), Hong Kong SAR (X tonnes) and China (X tonnes) were the main suppliers of refined groundnut oil imports to the U.S., together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), India ($X) and China ($X) appeared to be the largest refined groundnut oil suppliers to the U.S., with a combined X% share of total imports.

India (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined groundnut oil import price stood at $X per tonne in 2020, jumping by X% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
The countries with the highest volumes of refined groundnut oil consumption in 2020 were Italy (38K tonnes), Afghanistan (20K tonnes) and Belgium (11K tonnes), together accounting for 56% of global consumption.
What are the largest producers of refined groundnut oil in the world?
+
Italy (39K tonnes) constituted the country with the largest volume of refined groundnut oil production, accounting for 33% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Belgium (17K tonnes), twofold. The third position in this ranking was occupied by China (12K tonnes), with a 10% share.
What are the leading suppliers of refined groundnut oil to the U.S.?
+
In value terms, Hong Kong SAR ($1.3M), India ($1.2M) and China ($505K) appeared to be the largest refined groundnut oil suppliers to the U.S., with a combined 93% share of total imports.
What are the leading importers of refined groundnut oil from the U.S.?
+
In value terms, Canada ($3.9M) remains the key foreign market for refined groundnut oil exports from the U.S., comprising 64% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($1.3M), with a 21% share of total exports. It was followed by India, with a 3.4% share.
What is the average export price for refined groundnut oil in the U.S.?
+
In 2020, the average refined groundnut oil export price amounted to $2,271 per tonne, approximately equating the previous year.
What is the average import price for refined groundnut oil in the U.S.?
+
The average refined groundnut oil import price stood at $3,637 per tonne in 2020, with an increase of 59% 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 the U.S.. 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:
• USA

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