In 2023, China led global peanut oil consumption at 55.28 thousand metric tons, accounting for a substantial share. India's consumption saw a decline, reaching 16.79 thousand metric tons, while the U.S. increased by 2.79%, reaching 2.22 thousand metric tons. Other countries, like Burkina Faso, showed significant growth at 11.33%, though smaller in volume.
Overall, most African countries maintain stable consumption levels. Bangladesh and Senegal reported reasonable growth, while Switzerland and Vietnam declined. Monitoring shifts in consumption trends in countries like Burkina Faso and significant increases from traditional markets like China will be essential for future assessments.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 55.28 | 2023 | +9.09% | +1.76% | View data |
| 2 | 2 India | 16.79 | 2023 | 0% | -1.62% | View data |
| 3 | 3 Nigeria | 4.17 | 2023 | 0% | 0% | View data |
| 4 | 4 Myanmar | 3.96 | 2023 | +6.38% | +1.25% | View data |
| 5 | 5 Sudan | 3.88 | 2023 | -3.92% | 0% | View data |
| 6 | 6 Tanzania | 2.22 | 2023 | 0% | 0% | View data |
| 7 | 7 United States | 2.22 | 2023 | -1.41% | +2.79% | View data |
| 8 | 8 Burkina Faso | 2.06 | 2023 | +4% | +11.33% | View data |
| 9 | 9 Chad | 1.01 | 2023 | 0% | 0% | View data |
| 10 | 10 Niger | 0.93 | 2023 | 0% | 0% | View data |
