Market research

Groundnut oil and fractions market in South Korea

$Groundnut oil and fractions market in South Korea$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

Earlier Report Observations

After reaching 1 243 t in 2018, the market volume for groundnut oil and fractions dropped to 951 t in 2019, a period when lower output per hectare for environmentally friendly agricultural products likely limited raw material supply. A sharp recovery followed in 2020, pushing the market to 1 282 t as consumer focus on health and wellness boosted demand, coinciding with expansion in the health functional food segment.

Growth continued into 2021, with the market peaking at 1 327 t amid sustained production strength in health-oriented foods. Volume then stabilized at 1 305 t in 2022, aligning with a minor easing in health food production that remained elevated. By 2023, the market contracted to 1 147 t, influenced by changing food consumption patterns, economic pressures including inflation, and the rising popularity of alternative food products which altered consumer spending.

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

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

South Korea's production of groundnut oil and fractions rebounded after a two-year decline. In 2020, the country produced 1 245 tonnes, marking a sharp increase of 37.7% compared to the previous year. Looking at the period from 2017 to 2020, overall production decreased by 21.3%, which translates to an average annual decline of 7.7%. The lowest production volume was recorded in 2019 at 904 tonnes, when output fell by 25.4%—the largest drop during this timeframe.

Annual dynamics of production in South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.4%)	(25.4%)	37.7%	(7.7%)

Source: SHEV.io

Exports groundnut oil and fractions from South Korea

Exports in kind, kg

In 2019, South Korea's exports of groundnut oil and fractions amounted to just 1 kilogram, showing negligible change from the previous year in 2018.

Annual dynamics of product's exports from South Korea in kind, 2017-2020, kg

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

Source: SHEV.io

From 2017 to 2020, Asia (not elsewhere specified) and Iraq were the dominant buyers of groundnut oil and fractions from South Korea, together accounting for 100.0% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2019, the value of groundnut oil and fractions exported from South Korea stood at 0.1 thousand US dollars, with no significant change from the prior year. Over the period from 2017 to 2019, exports increased by 79.5%, corresponding to a compound annual growth rate of 21.5%.

Annual dynamics of product's exports from South Korea 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

Between 2017 and 2020, Iraq and Asia (not elsewhere specified) clearly dominated South Korea's exports in value terms, jointly representing 100.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to South Korea

Imports in kind, kg

South Korea's imports of groundnut oil and fractions declined after a two-year rise. In 2020, the country imported 36 586 kilograms, which was 21.3% lower than the previous year. From 2017 to 2020, imports increased by 69.8%, averaging an annual growth rate of 19.3%. The peak import volume was recorded in 2019 at 46 513 kilograms, when imports surged by 47.0%—the largest increase during this period.

Annual dynamics of product's imports to South Korea in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	46.8%	47.0%	(21.3%)	19.3%

Source: SHEV.io

From 2017 to 2020, the United States was the primary source for South Korea's imports of groundnut oil and fractions in volume terms, accounting for 76.3% of the total, while the remainder was distributed among various smaller suppliers.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

South Korea's imports of groundnut oil and fractions in value terms fell after a two-year upward trend. In 2020, imports totaled 201.9 thousand US dollars, reflecting a modest decrease of 9.4% year-over-year. Between 2017 and 2020, imports grew by 57.6%, with an average annual rate of 16.4%. The highest import value was recorded in 2019 at 221.5 thousand US dollars, following the largest increase of 49.2% in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	49.2%	16.6%	(9.4%)	16.4%

Source: SHEV.io

Throughout 2017 to 2020, the United States (66.6% of import value), Spain (9.8%), and Germany (6.9%) formed the core group of suppliers for South Korea's imports in value terms, together making up 83.3% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io