The global peanut oil production landscape in 2023 is dominated by China, holding 50.48% of the production share, followed by India with 18.24%. A significant increase was seen in Brazil with a 22.63% year-on-year growth, while Argentina experienced a decline of 2.54%. Other notable increases include Burkina Faso with 11.33% and the United States with 4.27%. The majority of countries maintained stable production, with some minor fluctuations.
Future trends to watch for include potential growth in emerging markets like Brazil and Burkina Faso, and technological advancements impacting production efficiency. Monitoring environmental factors and trade policies will also be crucial in understanding shifts in global production dynamics.
Top countries in Peanut Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 50.48 | 2023 | +2.04% | +1.79% | View data |
| 2 | 2 India | 18.24 | 2023 | -5.32% | +1.2% | View data |
| 3 | 3 Sudan | 4.26 | 2023 | 0% | +0.76% | View data |
| 4 | 4 Nigeria | 4.18 | 2023 | 0% | 0% | View data |
| 5 | 5 Myanmar | 3.96 | 2023 | +6.81% | +1.33% | View data |
| 6 | 6 Brazil | 2.32 | 2023 | -0.68% | +22.63% | View data |
| 7 | 7 Tanzania | 2.21 | 2023 | 0% | 0% | View data |
| 8 | 8 Burkina Faso | 2.05 | 2023 | +4% | +11.33% | View data |
| 9 | 9 United States | 1.92 | 2023 | +1.67% | +4.27% | View data |
| 10 | 10 Argentina | 1.26 | 2023 | +50.94% | -2.54% | View data |
