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Puerto Rico - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Groundnut Oil Market 2024
Groundnut Oil Market Size in Puerto Rico
The Puerto Rican groundnut oil market totaled less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern.
Groundnut Oil Exports
Exports from Puerto Rico
In 2021, exports of groundnut oil from Puerto Rico was estimated at less than X kg, approximately reflecting the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern.
In value terms, groundnut oil exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.
Exports by Country
South Africa was the major exporter of groundnut oil in the world, with the volume of exports resulting at X tons, which was approx. 55% of total exports in 2021. India (X tons) held the second position in the ranking, followed by Brazil (X tons) and Senegal (X tons). All these countries together took near 29% share of total exports. The following exporters - Iraq (X tons), Argentina (X tons), Nicaragua (X tons), the United States (X tons), Saudi Arabia (X tons), Belgium (X tons), China (X tons) and France (X tons) - together made up 13% of total exports.
South Africa was also the fastest-growing in terms of the groundnut oil exports, with a CAGR of +131.5% from 2012 to 2021. At the same time, Iraq (+124.3%), India (+21.1%), Brazil (+9.4%), the United States (+5.9%), China (+2.3%) and Nicaragua (+1.9%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. By contrast, Belgium (-4.0%), France (-11.3%), Argentina (-11.4%) and Saudi Arabia (-39.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, India and Iraq increased by +54, +6.2 and +3.2 percentage points, respectively.
In value terms, the largest groundnut oil supplying countries from Puerto Rico were South Africa ($X), India ($X) and Brazil ($X), together comprising 76% of total exports.
South Africa, with a CAGR of +110.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the other leaders experienced mixed trends in the export price figures.
Groundnut Oil Imports
Imports into Puerto Rico
Groundnut oil imports into Puerto Rico totaled less than X kg in 2021, flattening at the year before. Overall, imports recorded a relatively flat trend pattern.
In value terms, groundnut oil imports stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.
Imports by Country
China prevails in imports structure, finishing at X tons, which was approx. 66% of total imports in 2021. Italy (X tons) ranks second in terms of the total imports with an 8.3% share, followed by the United States (5.8%) and Belgium (1%). The Netherlands (X tons), Hong Kong SAR (X tons), Afghanistan (X tons), France (X tons), Benin (X tons) and Switzerland (X tons) followed a long way behind the leaders.
From 2012 to 2021, average annual rates of growth with regard to groundnut oil imports into China stood at +19.1%. At the same time, Afghanistan (+115.4%), the United States (+13.4%), the Netherlands (+11.3%), Switzerland (+6.7%), Hong Kong SAR (+4.6%) and Italy (+1.9%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in the world, with a CAGR of +115.4% from 2012-2021. Benin experienced a relatively flat trend pattern. By contrast, France (-9.3%) and Belgium (-13.5%) illustrated a downward trend over the same period. China (+34 p.p.) and Afghanistan (+2.3 p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR, Benin, Belgium, Italy and France saw its share reduced by -1.6%, -2.2%, -7.4%, -8.2% and -10.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) constitutes the largest market for imported groundnut oil into Puerto Rico, comprising 64% of global imports. The second position in the ranking was held by Italy ($X), with an 8.7% share of global imports. It was followed by the United States, with a 6.1% share.
In China, groundnut oil imports expanded at an average annual rate of +15.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+0.2% per year) and the United States (+14.1% per year).
Import Prices by Country
The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. In general, the import price showed a relatively flat trend pattern.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Benin ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the groundnut oil market in Puerto Rico. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- 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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