Key Market Indicators
Consumption of peanuts in Australia is expected to rise to 61,000 metric tons by 2026 from 58,000 metric tons in 2021, a growth rate of 0.7% per year on average. Since 2017, Australian demand has risen by 0.6% annually. In 2021, Australia ranked 49th in the world, overtaken by South Korea at 58,000 metric tons. India, Nigeria and the United States took the second, third and fourth places, respectively. Australian peanut production is forecast to decrease to 8,990 metric tons by 2026 from 12,650 metric tons in 2021, a drop of 5.7% per year on average. Since 1966, Australian supply has decreased by 3.3% each year. In 2021, Australia was 62nd in the world, overtaken by Israel at 12,650 metric tons. India, Nigeria and the United States took the second, third and fourth positions, respectively.
