Market research

Groundnut oil and fractions market in Saudi Arabia

$Groundnut oil and fractions market in Saudi Arabia$

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

The market volume for groundnut oil in Saudi Arabia showed significant volatility from 2018 to 2023. After a period of stability near 1 800 t, consumption fell to 1 441 t in 2020, then partially recovered to 1 648 t in 2021. A steep decline to 1 268 t occurred in 2022, followed by a strong rebound to 1 800 t in 2023.

Emerging factors by 2024 included demographic changes and production innovations. A growing working population and millennial preferences boosted demand for peanut oil in diverse food products like chocolate and biscuits. Concurrently, the availability of local extraction machinery with financing and manufacturing support eased market entry for new players, intensifying competition as over 33 brands were present.

Shifting consumer preferences towards healthier vegetable oils, valued for unsaturated fats and a high smoke point, further stimulated demand. Regulatory developments also played a role, with enhanced fraud-detection technologies from a collaboration between King Abdullah University and the Food and Drug Authority raising quality standards, while Gulf-wide specifications influenced packaging and labeling requirements.

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 Saudi Arabia
  1. 5.1.1. Annual dynamics of production in Saudi Arabia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Saudi Arabia 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, 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, 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 Saudi Arabia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Saudi Arabia 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 Saudi Arabia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Saudi Arabia 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Saudi Arabia, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Saudi Arabia by countries, 2018-2024, $ US/kg
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 Saudi Arabia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Saudi Arabia 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 Saudi Arabia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Saudi Arabia 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Saudi Arabia, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Saudi Arabia by countries, 2018-2024, $ US/kg
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 Saudi Arabia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Saudi Arabia 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 Saudi Arabia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Saudi Arabia 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Saudi Arabia, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Saudi Arabia by countries, 2018-2024, $ US/kg
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 Saudi Arabia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Saudi Arabia 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 Saudi Arabia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Saudi Arabia 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Saudi Arabia, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Saudi Arabia by countries, 2018-2024, $ US/kg
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 Saudi Arabia

In kind, 2017-2020, t

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

In Saudi Arabia, production of groundnut oil and fractions reached 1,435 tonnes in 2020, representing a significant year-on-year decline of 19.7%. Looking at the period from 2017 to 2020, overall production fell by 28%, with a compound annual growth rate of -10.4%. The only increase during this timeframe occurred in 2019, when production grew by 2.0%.

Annual dynamics of production in Saudi Arabia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.1%)	2.0%	(19.7%)	(10.4%)

Source: SHEV.io

Exports groundnut oil and fractions from Saudi Arabia

Exports in kind, kg

In 2019, Saudi Arabia exported 28,386 kilograms of groundnut oil and fractions, marking a sharp increase of 315.4% compared to the previous year.

Annual dynamics of product's exports from Saudi Arabia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	315.4%	n/a	-

Source: SHEV.io

From 2017 to 2020, Jordan was the primary destination for Saudi Arabia's exports of groundnut oil and fractions in volume terms, accounting for 80.6% of the total. The remaining exports were distributed among several smaller trading partners.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

Saudi Arabia's exports of groundnut oil and fractions in value terms amounted to $56,325 in 2019, showing a substantial rise of 324.4% from the year before.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	324.4%	n/a	-

Source: SHEV.io

During the 2017–2020 period, Jordan dominated Saudi Arabia's exports of groundnut oil and fractions in value terms, representing 80.9% of the total. The rest was spread across a variety of smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to Saudi Arabia

Imports in kind, kg

Saudi Arabia's imports of groundnut oil and fractions in volume terms fell for the second year in a row. In 2020, imports totaled 6,035 kilograms, down 46.6% from 2019. Over the 2018–2020 period, imports dropped by 90%, with a compound annual growth rate of -53.6%.

Annual dynamics of product's imports to Saudi Arabia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(81.3%)	(46.6%)	-

Source: SHEV.io

From 2017 to 2020, the United States was the leading source for Saudi Arabia's imports of groundnut oil and fractions in volume terms, making up 80.4% of the total. The remainder came from various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

The market exhibited volatility during the observed period. Imports reached their lowest point in 2019 and peaked in 2018, with a 4.6-fold difference between these years. In 2020, Saudi Arabia imported approximately $29,171 worth of groundnut oil and fractions, a steep increase of 40.5% compared to 2019. The minimum value was recorded in 2019 at $20,759, which also saw the largest decline of 78.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(78.4%)	40.5%	-

Source: SHEV.io

Over the 2017–2020 period, the United States was the dominant market for Saudi Arabia's imports of groundnut oil and fractions in value terms, accounting for 74.9% of the total. Other countries collectively made up the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io