Market research

Groundnut oil and fractions market in Guinea

$Groundnut oil and fractions market in Guinea$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, Guinea's groundnut oil market showed variable production volumes, starting at 110 thousand tons in 2018 and reaching a high of 132.8 thousand tons in 2022 before a slight dip to 127.8 thousand tons in 2023. The initial increase in 2019 and subsequent growth in 2022 were supported by the rehabilitation project of the Dabola oil mill, which aimed to boost local processing capacity and reduce import dependence.

The production decline in 2020 aligned with the end of a significant peanut marketing campaign in Guinea, reflecting the sector's cyclical nature. In 2021 and 2022, commitments from artisanal producers to supply crude oil for refining, alongside Senegal's suspension of imports for certain competing oils, helped sustain demand for Guinean output. However, by 2023, regional market tensions—including lower peanut production in Senegal—contributed to a modest reduction in Guinea's production volume.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Guinea
  1. 5.1.1. Annual dynamics of production in Guinea in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Guinea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Guinea in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Guinea by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Guinea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Guinea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Guinea, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Guinea by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Guinea in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Guinea by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Guinea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Guinea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Guinea, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Guinea by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Guinea in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Guinea by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Guinea in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Guinea by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Guinea, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Guinea by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Guinea in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Guinea by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Guinea in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Guinea by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Guinea, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Guinea by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production groundnut oil and fractions in Guinea

In kind, 2017-2020, K t

From 2017 to 2020, Guinea held the 9th position globally in groundnut oil and fractions production.

Top producers of groundnut oil and fractions, 2017-2020

Source: SHEV.io

World map of production of groundnut oil and fractions, 2017-2020

Source: SHEV.io

Following two years of growth, Guinea's production of groundnut oil and fractions decreased. In 2020, the country produced 101.1 K t, marking a 21.8% drop from the previous year. The highest production level was recorded in 2019 at 129.3 K t, with the largest annual increase of 17.6% also occurring that year.

Annual dynamics of production in Guinea in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.0%	17.6%	(21.8%)	0.4%

Source: SHEV.io

Exports groundnut oil and fractions from Guinea

Exports in kind, t

Annual dynamics of product's exports from Guinea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Italy completely dominated Guinea's exports of groundnut oil and fractions in kind, accounting for 100.0% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Guinea in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Guinea in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2017–2020 period, Italy served as the primary destination for Guinea's groundnut oil and fractions exports, consistently representing 100.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Guinea in value, 2017-2020

Source: SHEV.io

Imports groundnut oil and fractions to Guinea

Imports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Imports reached their lowest point in 2019 at 0.7 t, then peaked in 2020 at 4.0 t—a 5.5-fold increase. The 2020 volume represented a 452.3% surge compared to 2019. The largest decline occurred in 2019, falling by 68.6%.

Annual dynamics of product's imports to Guinea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	76.7%	(68.6%)	452.3%	45.3%

Source: SHEV.io

From 2017 to 2020, India (62.6% of imports in kind), France (15.9%), and the United Arab Emirates (12.0%) led as suppliers of groundnut oil and fractions to Guinea, together accounting for 90.5% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Guinea in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Market performance exhibited noticeable fluctuations during this period. Import values dropped to their lowest in 2019 at 1.8 K $ US, then rose to a high in 2020 at 11.8 K $ US—a 6.5-fold variation. The 2020 total represented a 546.3% increase over the previous year. The largest decline was recorded in 2019 at 48.7%.

Annual dynamics of product's imports to Guinea in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	50.8%	(48.7%)	546.3%	71.0%

Source: SHEV.io

Between 2017 and 2020, India and France accounted for the majority of Guinea's imports of groundnut oil and fractions in value terms, while other markets played a smaller role.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Guinea in value, 2017-2020

Source: SHEV.io