India leads global groundnut oil production with 31.71 thousand metric tons, followed closely by China at 31.54 thousand metric tons. Recent trends show a significant 3.54% increase for India in 2023, while China slightly declined by 0.033%. Among other notable producers, Nigeria and Myanmar have seen moderate growth, whereas Senegal experienced a 1.83% decrease. The United States and Argentina reported slight upticks, thus maintaining their positions among top producers. Noteworthy is the Philippines with a robust 6.4% growth, indicating emerging potential in the global market.
Future trends to watch include India's potential continued increase in production, driven by favorable conditions and market demand. Additionally, emerging producers like the Philippines may further elevate their production shares, while China's slight decreasing trend could impact its positioning. Monitoring these shifts is essential for understanding the dynamic competitive landscape of global groundnut oil production.
Top countries in Groundnut Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 31.71 | 2023 | +2.46% | +3.54% | View data |
| 2 | 2 China | 31.54 | 2023 | -0.16% | -0.033% | View data |
| 3 | 3 Nigeria | 6.07 | 2023 | +1.15% | +1.36% | View data |
| 4 | 4 Myanmar | 4.53 | 2023 | +0.77% | +0.78% | View data |
| 5 | 5 Argentina | 1.97 | 2023 | +2.7% | +2.05% | View data |
| 6 | 6 Senegal | 1.97 | 2023 | -0.87% | -1.83% | View data |
| 7 | 7 United States | 1.8 | 2023 | 0% | +1.4% | View data |
| 8 | 8 Ghana | 1.19 | 2023 | +1.47% | -0.29% | View data |
| 9 | 9 Brazil | 1.18 | 2023 | +1.49% | +1.22% | View data |
| 10 | 10 Cameroon | 1.07 | 2023 | 0% | +0.66% | View data |
