The global groundnut oil export market in 2024 shows Brazil leading with the highest export volume, followed by Argentina and Senegal. Significant year-on-year increases were seen in Brazil (1.54%) and a notable positive change in the Netherlands (2.71%). Conversely, Argentina and Senegal experienced declines of 0.39% and 2.33%, respectively. India and China also saw reductions, with China decreasing by 1.73% and India by 1.21% in 2023, which reflects a shifting dynamic in the global market. In comparison, the U.S., France, Italy, and South Africa remained stable with no changes recorded.
Looking to the future, key trends to watch include Brazil's potential to further solidify its position as the top exporter. Additionally, emerging markets such as the Netherlands may continue to increase their share. Close monitoring of China's and India's export strategies will be crucial as they adjust to global demands. Additionally, geopolitical changes and climate conditions could impact the production and export strategies of these key regions.
Top countries in Groundnut Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 23.45 | 2023 | +3.03% | +1.54% | View data |
| 2 | 2 Argentina | 17.59 | 2023 | -3.77% | -0.39% | View data |
| 3 | 3 Senegal | 11.03 | 2023 | 0% | -2.33% | View data |
| 4 | 4 Iran | 9.66 | 2023 | +7.69% | +0.73% | View data |
| 5 | 5 Nicaragua | 7.24 | 2023 | 0% | 0% | View data |
| 6 | 6 India | 5.52 | 2023 | 0% | -1.21% | View data |
| 7 | 7 China | 3.79 | 2023 | 0% | -1.73% | View data |
| 8 | 8 Belgium | 3.45 | 2023 | 0% | -1.89% | View data |
| 9 | 9 Netherlands | 2.76 | 2023 | +14.29% | +2.71% | View data |
| 10 | 10 United States | 1.72 | 2023 | 0% | 0% | View data |
