Spain - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Groundnut Oil Price in Spain - 2023
Contents:
- Refined Groundnut Oil Price in Spain (CIF) - 2022
- Refined Groundnut Oil Price in Spain (FOB) - 2023
- Refined Groundnut Oil Imports in Spain
- Refined Groundnut Oil Exports in Spain
Refined Groundnut Oil Price in Spain (CIF) - 2022
In 2022, the average refined groundnut oil import price amounted to $2,421 per ton, picking up by 19% against the previous year. In general, the import price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 50% against the previous year. The import price peaked at $2,711 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,390 per ton), while the price for France ($1,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.
Refined Groundnut Oil Price in Spain (FOB) - 2023
In August 2023, the average refined groundnut oil export price amounted to $9,050 per ton, rising by 18% against the previous month. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 47% m-o-m. As a result, the export price reached the peak level of $9,155 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the United Arab Emirates ($27,128 per ton), while the average price for exports to Central African Republic ($4,635 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Groundnut Oil Imports in Spain
In 2022, imports of refined groundnut oil into Spain stood at 687 tons, stabilizing at the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 131%.
In value terms, refined groundnut oil imports surged to $1.7M in 2022. Over the period under review, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Refined Groundnut Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 460 | 360 | 846 | 1,189 | 37.2% |
| Italy | N/A | 144 | 129 | 183 | 12.7% |
| France | 984 | 122 | 351 | 146 | -47.1% |
| Germany | 27.3 | 48.4 | 54.2 | 127 | 66.9% |
| Others | 36.0 | 2.5 | 4.0 | 18.3 | -20.2% |
| Total | 1,507 | 677 | 1,385 | 1,663 | 3.3% |
Top Suppliers of Refined Groundnut Oil to Spain in 2022:
- Belgium (443.0 tons)
- France (127.7 tons)
- Italy (72.6 tons)
- Germany (37.5 tons)
Refined Groundnut Oil Exports in Spain
In 2022, exports of refined groundnut oil from Spain contracted notably to 103 tons, waning by -15.5% on the previous year. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 65%.
In value terms, refined groundnut oil exports expanded significantly to $495K in 2022. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
| Export of Refined Groundnut Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 0.4 | 48.4 | 137 | 1750.7% |
| Luxembourg | N/A | N/A | N/A | 110 | 0% |
| Denmark | N/A | 76.8 | 47.1 | 47.9 | -21.0% |
| France | 1,299 | 52.8 | 111 | 45.4 | -67.3% |
| Mali | 13.6 | 18.2 | 26.2 | 44.7 | 48.7% |
| Netherlands | 0.5 | 9.0 | 16.6 | 31.6 | 298.3% |
| Sweden | N/A | 25.1 | 77.0 | 16.2 | -19.7% |
| Switzerland | 65.1 | 36.3 | N/A | N/A | -44.2% |
| Ukraine | 103 | 33.3 | N/A | N/A | -67.7% |
| Others | 112 | 71.4 | 138 | 62.8 | -17.5% |
| Total | 1,593 | 323 | 465 | 495 | -32.3% |
Top Export Markets for Refined Groundnut Oil from Spain in 2022:
- Belgium (31.5 tons)
- Luxembourg (25.5 tons)
- Mali (11.0 tons)
- France (7.7 tons)
- Netherlands (7.6 tons)
- Sweden (3.6 tons)
- Denmark (3.0 tons)
This report provides an in-depth analysis of the refined groundnut oil market in Spain. 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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 refined groundnut oil market in Spain.
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This report provides an in-depth analysis of the groundnut oil market in Spain.
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Spain.
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This report provides an in-depth analysis of the crude groundnut oil market in Spain.
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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 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 crude groundnut oil market.
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This report provides an in-depth analysis of the refined groundnut oil market in Spain.
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This report provides an in-depth analysis of the groundnut oil market in Spain.
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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
