The global export of refined groundnut oil in 2023 was led by China, Brazil, and Belgium. Brazil experienced the significant year-on-year growth of 5.79%, while Belgium faced a contraction of 2.53%. Noteworthy growth was observed in Nicaragua and Greece, with 8.39% and 224.1% increases, respectively. Conversely, major drops were recorded for Spain and Canada, both declining by over 28%. Emerging markets like Uganda and Lebanon also saw substantial growth, indicating a diversification in the export landscape.
Looking forward, watch for increasing exports from traditionally smaller markets experiencing rapid growth, such as Greece and Lebanon. The rising consumer demand for healthier oils may fuel production expansions in these countries. Monitor geopolitical and trade policy changes that could impact larger exporters like China and Brazil. Additionally, sustainability and climate change impacts on agricultural yields may influence future exports.
Top countries in Export of Refined Groundnut Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20,694,000 | 2023 | +0.26% | +0.6% | View data |
| 2 | 2 Brazil | 20,374,000 | 2023 | +6.19% | +5.79% | View data |
| 3 | 3 Belgium | 18,271,000 | 2023 | -2.39% | -2.53% | View data |
| 4 | 4 Netherlands | 12,827,000 | 2023 | +4.87% | +0.92% | View data |
| 5 | 5 India | 9,348,200 | 2023 | +0.92% | +1.25% | View data |
| 6 | 6 France | 8,601,300 | 2023 | -3.82% | -1.66% | View data |
| 7 | 7 United States | 7,807,400 | 2023 | +1.38% | +1.72% | View data |
| 8 | 8 Italy | 3,172,900 | 2023 | +2.69% | +0.86% | View data |
| 9 | 9 Germany | 3,172,600 | 2023 | +2.55% | +3.51% | View data |
| 10 | 10 Nicaragua | 2,440,500 | 2023 | +4.41% | +8.39% | View data |
