Burundi: Ground-Nut Oil Market 2020

Ground-Nut Oil Market Size in Burundi

The revenue of the ground-nut oil market in Burundi amounted to $X in 2018, rising by X% against the previous year. Over the period under review, ground-nut oil consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. Burundi ground-nut oil consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Ground-Nut Oil Production in Burundi

In value terms, ground-nut oil production totaled $X in 2018 estimated in export prices. In general, ground-nut oil production continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012 when production volume increased by X% against the previous year. Over the period under review, ground-nut oil production reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Ground-Nut Oil Exports

Exports from Burundi

In 2018, the amount of ground-nut oil exported from Burundi totaled X kg, declining by -X% against the previous year. Over the period under review, ground-nut oil exports continue to indicate a sharp drop. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Burundi exports peaked at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, ground-nut oil exports stood at $X in 2018. Over the period under review, ground-nut oil exports continue to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, ground-nut oil exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) were the main exporters of ground-nut oil in 2018, reaching near X% and X% of total exports, respectively. Senegal (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%), Nicaragua (X%) and India (X%). Belgium (X tons) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest ground-nut oil markets from Burundi were Argentina ($X), Brazil ($X) and Senegal ($X), with a combined X% share of total exports. Nicaragua, India, Iran, Belgium and Burundi lagged somewhat behind, together comprising a further X (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the ground-nut oil export price in Burundi amounted to $X per ton, picking up by X% against the previous year. Overall, the ground-nut oil export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Burundi export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nicaragua, while the other leaders experienced more modest paces of growth.

Ground-Nut Oil Imports

Imports into Burundi

In 2018, the ground-nut oil imports into Burundi stood at X kg, going down by -X% against the previous year. In general, ground-nut oil imports continue to indicate an abrupt setback. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Burundi imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, ground-nut oil imports amounted to $X in 2018. Over the period under review, ground-nut oil imports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, ground-nut oil imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Lebanon (X tons) represented the major importers of ground-nut oil in 2018, amounting to near X% and X% of total imports, respectively. Italy (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by the U.S. (X%). The Netherlands (X tons), France (X tons), China, Hong Kong SAR (X tons), Sudan (X tons), Benin (X tons) and Switzerland (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Sudan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest ground-nut oil importing markets into Burundi were Lebanon ($X), China ($X) and Italy ($X), with a combined X% share of total imports. The U.S., the Netherlands, China, Hong Kong SAR, France, Switzerland, Sudan, Benin and Burundi lagged somewhat behind, together accounting for a further X terms of the main importing countries, Sudan recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The ground-nut oil import price in Burundi stood at $X per ton in 2018, rising by X% against the previous year. In general, the ground-nut oil import price continues to indicate remarkable growth. The growth pace was the most rapid in 2015 when the import price increased by X% year-to-year. Over the period under review, the import prices for ground-nut oil attained their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform