Global Groundnut Oil Market 2022

Production By Country

The country with the largest volume of groundnut oil production was China (X tonnes), accounting for X% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria (X tonnes), fivefold. India (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (-X% per year) and India (-X% per year).

Groundnut Oil Exports

Exports

In 2020, overseas shipments of groundnut oil increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, total exports indicated a noticeable increase from 2007 to 2020: its volume 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, exports increased by +X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil exports surged to $X in 2020. Overall, total exports indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the major exporting country with an export of about X tonnes, which reached X% of total exports. Brazil (X tonnes) held an X% share (based on tonnes) of total exports, which put it in second place, followed by Argentina (X%). Nicaragua (X tonnes), the United States (X tonnes), China (X tonnes), Senegal (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

India was also the fastest-growing in terms of the groundnut oil exports, with a CAGR of +X% from 2007 to 2020. At the same time, Brazil (+X%), the United States (+X%) and Argentina (+X%) displayed positive paces of growth. China and Nicaragua experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Senegal (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India and Brazil increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) emerged as the largest groundnut oil supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with an X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in India stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2020, the average groundnut oil export price amounted to $X per tonne, increasing by X% against the previous year. In general, export price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, groundnut oil export price increased by +X% against 2018 indices. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the other global leaders experienced more modest paces of growth.

Groundnut Oil Imports

Imports

For the fourth year in a row, the global market recorded growth in supplies from abroad of groundnut oil, which increased by X% to X tonnes in 2020. Over the period under review, total imports indicated a buoyant expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Global imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, groundnut oil imports surged to $X in 2020. In general, total imports indicated a remarkable increase 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, imports increased by +X% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates groundnut oil imports structure, reaching X tonnes, which was near X% of total imports in 2020. Afghanistan (X tonnes) took the second position in the ranking, followed by Italy (X tonnes). All these countries together held near X% share of total imports. Hong Kong SAR (X tonnes), the Netherlands (X tonnes), Belgium (X tonnes) and France (X tonnes) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to groundnut oil imports into China stood at +X%. At the same time, Afghanistan (+X%), the Netherlands (+X%), Belgium (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Italy experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Afghanistan (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Hong Kong SAR, Italy and France saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported groundnut oil worldwide, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

In 2020, the average groundnut oil import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Global import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform