Refined Groundnut Oil Market Overview in France
In value terms, refined groundnut oil production contracted to $ in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
The revenue of the refined groundnut oil market in France contracted sharply to $ in 2019, falling 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). Over the period under review, consumption showed a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Refined groundnut oil consumption peaked at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.