In 2023, China dominates the global import share of crude groundnut oil with 57.71%, showing a growth of 4.12% from the previous year. Italy and the UAE follow with shares of 17.61% and 13.4%, respectively. The U.S. holds 10.62%, with more modest growth of 0.28%. Notable growth is observed in Bulgaria (23.25%) and Greece (69.94%), while France and Luxembourg saw declines. Over the past 5 years, the CAGR indicates that Austria and Kuwait show decreasing trends, whereas Benin and Oman are on the rise.
Future trends to watch include China's continued demand, potential growth in Canada and Hungary, and rebound in Belgium. Monitoring economic conditions in key import countries and market dynamics such as changes in tariff policies and oil production is essential for predicting shifts in import patterns.
Top countries in Import of Crude Groundnut Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 57.71 | 2023 | +4.07% | +4.12% | View data |
| 2 | 2 Italy | 17.61 | 2023 | +1.36% | +1.26% | View data |
| 3 | 3 United Arab Emirates | 13.4 | 2023 | +6.64% | +2.57% | View data |
| 4 | 4 United States | 10.62 | 2023 | +1.52% | +0.28% | View data |
| 5 | 5 Belgium | 4.57 | 2023 | -1.38% | -6.39% | View data |
| 6 | 6 Netherlands | 4.19 | 2023 | +2.66% | +4.65% | View data |
| 7 | 7 Switzerland | 2.44 | 2023 | +0.6% | +8.48% | View data |
| 8 | 8 Qatar | 0.82 | 2023 | +5.21% | +2.5% | View data |
| 9 | 9 France | 0.73 | 2023 | -44.79% | -28.6% | View data |
| 10 | 10 Canada | 0.52 | 2023 | +3.87% | +14% | View data |
