In 2023, China led the global import of crude groundnut oil, accounting for most of the market share, followed by Italy and the United States. Noteworthy year-on-year changes included significant growth in Slovakia and Croatia, while France saw a substantial decline. Over the past five years, the market has experienced mixed growth, with some countries like Indonesia and Greece witnessing increasing trends, while countries like Belgium and Luxembourg faced declines. Trends to monitor in the future include rising demand in emerging markets and potential shifts in import patterns due to policy changes or competitive pricing. Geopolitical impacts and sustainability issues may also influence market dynamics.
Top countries in Import of Crude Groundnut Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 56.53 | 2023 | +3.51% | +4.18% | View data |
| 2 | 2 Italy | 17.3 | 2023 | +0.66% | +1.33% | View data |
| 3 | 3 United States | 11.31 | 2023 | +1.88% | +1.33% | View data |
| 4 | 4 Belgium | 4.81 | 2023 | -1.43% | -5.99% | View data |
| 5 | 5 Netherlands | 4.73 | 2023 | +3.33% | +6.28% | View data |
| 6 | 6 United Arab Emirates | 4.05 | 2023 | +6.58% | +2.83% | View data |
| 7 | 7 Switzerland | 2.65 | 2023 | -0.11% | +6.19% | View data |
| 8 | 8 Qatar | 1.55 | 2023 | +5.68% | +5.85% | View data |
| 9 | 9 France | 1 | 2023 | -38.33% | -24.37% | View data |
| 10 | 10 Malaysia | 0.46 | 2023 | -3.92% | -1.25% | View data |
