South Africa - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Groundnut Oil Price in South Africa - 2023
Contents:
- Crude Groundnut Oil Price in South Africa (FOB) - 2022
- Crude Groundnut Oil Price in South Africa (CIF) - 2022
- Crude Groundnut Oil Exports in South Africa
- Crude Groundnut Oil Imports in South Africa
Crude Groundnut Oil Price in South Africa (FOB) - 2022
The average crude groundnut oil export price stood at $2,767 per ton in 2022, jumping by 207% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the 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 2022, amid the top suppliers, the country with the highest price was Lesotho ($3,777 per ton), while the average price for exports to Zambia stood at $1,794 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+3.6%), while the prices for the other major destinations experienced a decline.
Crude Groundnut Oil Price in South Africa (CIF) - 2022
The average crude groundnut oil import price stood at $3,508 per ton in 2022, rising by 123% against the previous year. Over the period under review, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 444%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($3,512 per ton), while the price for India stood at $3,435 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+337.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Groundnut Oil Exports in South Africa
In 2022, the amount of crude groundnut oil exported from South Africa fell rapidly to 21 tons, reducing by 99.9% on 2021 figures. In general, exports saw a sharp setback. The growth pace was the most rapid in 2021 when exports increased by 1,000,234% against the previous year. As a result, the exports attained the peak of 383K tons, and then contracted sharply in the following year.
In value terms, crude groundnut oil exports shrank notably to $59K in 2022. Over the period under review, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 1,089,509%. As a result, the exports reached the peak of $345M, and then dropped rapidly in the following year.
| Export of Crude Groundnut Oil in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | 12.5 | N/A | 0% |
| China | 0.2 | N/A | 332 | N/A | 3974.3% |
| Lesotho | N/A | N/A | N/A | N/A | 0% |
| Zambia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 0.2 | N/A | 345 | 0.1 | -20.6% |
Top Export Markets for Crude Groundnut Oil from South Africa in 2022:
- Zambia (10.7 tons)
- Lesotho (10.5 tons)
Crude Groundnut Oil Imports in South Africa
In 2022, approx. 3.8 tons of crude groundnut oil were imported into South Africa; picking up by 8.6% against the previous year's figure. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 354%. As a result, imports attained the peak of 19 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, crude groundnut oil imports soared to $13K in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crude Groundnut Oil in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 12.6 | 0% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Hong Kong SAR | N/A | 5.6 | N/A | N/A | 0% |
| China | 5.7 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | 5.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 5.6 | 5.5 | 13.3 | 32.6% |
Top Suppliers of Crude Groundnut Oil to South Africa in 2022:
- Belgium (3.6 tons)
- India (0.2 tons)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude groundnut oil market in South Africa.
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This report provides an in-depth analysis of the groundnut oil market in South Africa.
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in South Africa.
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This report provides an in-depth analysis of the refined groundnut oil market in South Africa.
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This report provides an in-depth analysis of the global crude groundnut oil market.
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This report provides an in-depth analysis of the global groundnut oil market.
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Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
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This report provides an in-depth analysis of the global refined groundnut oil market.
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This report provides an in-depth analysis of the crude groundnut oil market in South Africa.
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This report provides an in-depth analysis of the groundnut oil market in South Africa.
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Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1672
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2298
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
963
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1672
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2298
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
