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Written by Allen » Updated on: July 03rd, 2024
The latest report by IMARC Group, titled "Peanut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Peanut Oil price trend. This report delves into the price of Peanut Oil globally, presenting a detailed analysis, along with informative Peanut Oil price chart. Through comprehensive Peanut Oil Price Analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Peanut Oil demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Peanut Oil Prices December 2023:
Report Offering:
The study delves into the factors affecting Peanut Oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https:/www.imarcgroup.com/peanut-oil-pricing-report/requestsample
Peanut Oil Price Trend- Q4 2023
The drivers of the peanut oil market are multifaceted, encompassing various factors that influence supply and demand. Primarily, its versatile culinary applications, including frying, roasting, and salad dressings, contribute to its popularity in diverse cuisines worldwide, driving consumer demand.
Additionally, perceived health benefits, such as its high monounsaturated fat content and vitamin E, further stimulate consumption. Agricultural factors such as peanut crop yields, weather conditions, and farming practices impact supply levels and prices. Moreover, economic factors, such as global market trend, trade policies, and geopolitical dynamics, play a role in shaping the peanut oil market, making it subject to a complex interplay of drivers.
Peanut Oil Market Analysis
The global peanut oil market size reached US$ 10.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 14.6 Billion, at a projected CAGR of 3.70% during 2023-2032. For the 2023 fourth quarter, peanut oil prices showed a consistent decreasing trajectory, driven by many noteworthy factors that intricately altered the pricing environment.
The worldwide market's general decline in downstream consumption served as the first impetus for this decline and ultimately led to a general drop in peanut oil prices. The accumulation of excess inventory among American suppliers further exacerbated this situation, driving down prices and influencing the prevailing market dynamics. Additionally, the fourth quarter of 2023 (October–December) had notable price swings for peanut oil in the APAC area.
Due to the greater accessibility and more affordable costs of substitute edible oils, there was initially a decrease in the market for peanut oil. Along with this, the general slowdown in the economy and the pressures of inflation lowered consumer spending power and decreased the use of peanut oil. The market's decreasing trajectory in Q4 2023 provides evidence of this. New agricultural supplies arrived throughout the harvest season, increasing market supply and lowering prices. Moreover, for the whole of 2023's fourth quarter, pricing patterns in Europe mostly reflected those in North America, especially in the US, indicating a pessimistic pricing trajectory. The primary cause of this pricing dynamic was the ongoing decrease in peanut oil prices, which was supported by a fall in downstream consumption.
Furthermore, the market for peanut oil in South America saw a decline in the fourth quarter of 2023. Price dynamics were affected by a few market-influencing factors. There was an excess of edible oils on the market in Q4 2023, which led to an overabundance of peanut oil. Prices fell due to a persistent reduction in both domestic and foreign demand, which compounded this excess.
Key Points Covered in the Peanut Oil Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
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Email: [email protected]
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