The year 2023 showcased significant growth in Senegal’s crude groundnut oil exports, maintaining a leading position globally with a 27.93% share. Argentina followed closely, with a 27.69% share, and Brazil accounted for 25.91%. Emerging exporters like Nicaragua and India held minor shares but exhibited steady growth. In contrast, the United States experienced notable declines, while South Africa and Germany displayed marginal increases. Smaller European markets, such as Slovenia, showed extraordinary growth, alongside Greece and Italy.
Future trends to watch include potential shifts in the market dynamics with emerging players potentially expanding their market shares further. Technological advancements and agrarian initiatives in countries like India could increase production capacity, influencing global market shares. Additionally, geopolitical factors and trade agreements may play pivotal roles in shaping future export patterns.
Top countries in Export of Crude Groundnut Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Senegal | 27.93 | 2023 | +2.86% | +10.56% | View data |
| 2 | 2 Argentina | 27.69 | 2023 | -0.56% | +2.9% | View data |
| 3 | 3 Brazil | 25.91 | 2023 | +2.8% | +2.18% | View data |
| 4 | 4 Nicaragua | 10.28 | 2023 | +2.79% | +2.42% | View data |
| 5 | 5 India | 5.04 | 2023 | +2.9% | +0.54% | View data |
| 6 | 6 United States | 0.49 | 2023 | -17.22% | -10.99% | View data |
| 7 | 7 South Africa | 0.44 | 2023 | +4.76% | +1.3% | View data |
| 8 | 8 Germany | 0.21 | 2023 | +3.84% | +0.039% | View data |
| 9 | 9 Malaysia | 0.077 | 2023 | +4.42% | +6.03% | View data |
| 10 | 10 Slovenia | 0.068 | 2023 | +4.45% | +130.19% | View data |
