Crude Groundnut Oil Market Overview in Portugal
In value terms, crude groundnut oil production declined to $ in 2019 estimated in export prices. Overall, the total production indicated a pronounced increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The size of the crude groundnut oil market in Portugal was estimated at $ in 2019, with an increase of % against 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, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.