In 2023, China led the global groundnut oil import market with a significant volume share of 42.09 thousand metric tons, followed by Italy (13.84), and the United Arab Emirates (11.86). The United States and Netherlands also showed notable import volumes. Benin and France had similar import volumes at 3.95 thousand metric tons. Countries like Belgium, Switzerland, and Canada had smaller shares. Benin experienced the highest year-on-year growth at 14.87%, while Germany faced a decline of 7.79%. The compounded annual growth rate (CAGR) over the past five years highlights shifting dynamics across the countries.
Future trends to watch include potential shifts in leading importing countries, particularly if China’s demand wanes or shifts, possibly impacting global supply routes. Monitoring changes in consumer preferences for groundnut oil, including health trends and regulatory factors, will be crucial. Additionally, economic and geopolitical factors influencing trade will play significant roles in shaping future import patterns.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42.09 | 2018 | View data | ||
| 2 | 2 Italy | 13.84 | 2023 | 0% | +0.84% | View data |
| 3 | 3 United Arab Emirates | 11.86 | 2023 | +5% | +3.13% | View data |
| 4 | 4 United States | 9.32 | 2023 | +3.13% | +1.26% | View data |
| 5 | 5 Netherlands | 4.52 | 2023 | +6.67% | +5.92% | View data |
| 6 | 6 Benin | 3.95 | 2023 | +7.69% | +14.87% | View data |
| 7 | 7 France | 3.95 | 2023 | 0% | -1.37% | View data |
| 8 | 8 Belgium | 3.67 | 2023 | 0% | -7.31% | View data |
| 9 | 9 Switzerland | 1.98 | 2023 | 0% | +6.96% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 0.85 | 2023 |
