In 2023, Senegal led the global export of crude groundnut oil, followed closely by Argentina and Brazil. This trio dominated export volumes, with Senegal showing significant year-on-year growth of 10.56%. In contrast, the United States faced a decline in export volumes by 10.99%. Noteworthy upsurges came from Slovenia, with a remarkable 130.19% increase, and Greece, which soared by 140.51%. Australia's exports decreased by 13.66%, while China saw a sharp drop of 32.74%. Over the past five years, exports have shown varied annual growth rates, indicating a dynamic market.
Looking ahead, market analysts will closely monitor geopolitical factors and crop yield variations influenced by climate change, which could dramatically affect supply chains and export figures. Additionally, rising health consciousness and demand for organic products might tilt the balance towards exporters with cleaner production practices.
Top countries in Export of Crude Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Senegal | 60,034,000 | 2023 | +2.86% | +10.56% | View data |
| 2 | 2 Argentina | 59,527,000 | 2023 | -0.56% | +2.9% | View data |
| 3 | 3 Brazil | 55,702,000 | 2023 | +2.8% | +2.18% | View data |
| 4 | 4 Nicaragua | 22,107,000 | 2023 | +2.79% | +2.42% | View data |
| 5 | 5 India | 10,825,000 | 2023 | +2.9% | +0.54% | View data |
| 6 | 6 United States | 1,054,900 | 2023 | -17.22% | -10.99% | View data |
| 7 | 7 South Africa | 947,110 | 2023 | +4.76% | +1.3% | View data |
| 8 | 8 Germany | 460,950 | 2023 | +3.84% | +0.039% | View data |
| 9 | 9 Malaysia | 164,780 | 2023 | +4.42% | +6.03% | View data |
| 10 | 10 Slovenia | 146,140 | 2023 | +4.45% | +130.19% | View data |
