Market research

Groundnut oil and fractions market in Singapore

$Groundnut oil and fractions market in Singapore$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The market volume for groundnut oil and fractions in Singapore followed a downward trajectory from 2018 to 2023. The total market size began the period at 1,271 tonnes and concluded at 1,116 tonnes, representing a contraction of over 150 tonnes.

This decline was not uniform, as the market saw a temporary reversal in 2021 when volume increased to 1,188 tonnes. However, this recovery proved short-lived, and the downward movement resumed in the following years.

By 2023, the market had stabilized at a lower level of 1,116 tonnes, marking a clear reduction in volume compared to the start of the observed period.

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

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 2020, Singapore produced 900 tonnes of groundnut oil and fractions, showing no significant change from the previous year. Looking at the broader period from 2017 to 2020, production decreased by 10%, which translates to an annualized decline of 3.5%. The lowest production level was recorded in 2018 at 900 tonnes, marking the largest decline of 10.0% that year. In contrast, 2019 saw no change in production, with a 0.0% increase.

Annual dynamics of production in Singapore in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.0%)	-	-	(3.5%)

Source: SHEV.io

Exports groundnut oil and fractions from Singapore

Exports in kind, t

Singapore's exports of groundnut oil and fractions declined for the third consecutive year. In 2020, export volumes totaled just 9 tonnes, representing a sharp contraction of 98.3% compared to the previous year. Over the period from 2017 to 2020, exports plummeted by 99%, equating to an annualized decline of 78.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.2%)	(32.0%)	(98.3%)	(78.2%)

Source: SHEV.io

From 2017 to 2020, Australia was the dominant destination for Singapore's groundnut oil and fractions exports in volume terms, accounting for 81.2% of total flows. Other countries each held significantly smaller shares during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Singapore's exports of groundnut oil and fractions in value terms declined for the third year in a row. In 2020, exports amounted to 41 000 US dollars, down by 97.5% from the previous year. Between 2017 and 2020, exports decreased by 98.3%, which corresponds to an annualized decline of 74.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.6%)	(29.1%)	(97.5%)	(74.4%)

Source: SHEV.io

Over the 2017–2020 period, Australia was the primary destination for Singapore's groundnut oil and fractions exports in value terms, representing 83.4% of total flows. Other markets formed a long tail of smaller partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to Singapore

Imports in kind, t

Singapore's imports of groundnut oil and fractions declined for the third consecutive year. In 2020, import volumes totaled 260 tonnes, down by 67.4% from 2019. Between 2017 and 2020, imports decreased by 81.7%, equating to an annualized decline of 43.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.0%)	(30.6%)	(67.4%)	(43.2%)

Source: SHEV.io

From 2017 to 2020, the United States (29.0% of imports in volume terms), Hong Kong (24.8%), and India (15.2%) together accounted for 69.0% of Singapore's total imports of groundnut oil and fractions in volume terms, making them the main sources.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Singapore's imports of groundnut oil and fractions in value terms declined for the third year in a row. In 2020, imports totaled 799 000 US dollars, indicating a steep reduction of 51.7% year-over-year. Over the period from 2017 to 2020, imports decreased by 73.3%, with a compound annual growth rate (CAGR) of -35.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.1%)	(32.5%)	(51.7%)	(35.6%)

Source: SHEV.io

Throughout 2017–2020, the United States (25.6% of imports in value terms), Hong Kong (22.2%), and India (17.8%) formed the core of Singapore's imports of groundnut oil and fractions in value terms, together taking 65.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io