Groundnut Oil Market in the United States
In value terms, groundnut oil production rose remarkably to $ in . Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Groundnut oil production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.
The size of the groundnut oil market in the United States soared to $ in , increasing by % 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 recorded a strong expansion. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption remained at a lower figure.