In 2024, China's peanut oil supply leads globally, experiencing a 1.3% increase year-on-year. India follows, though it declined by 0.53%. The United States notably grew by 2.89%, while Brazil increased significantly by 21.67%. Conversely, Argentina and Senegal saw decreases of 5.05% and 6.94%, respectively. Stable trends were observed in several African countries, while dramatic shifts were minimized. Year-on-year variances often reflect market adjustments and climatic impacts.
Future trends to watch include evolving agricultural technologies, climate change impacts on cultivation, and policy changes affecting production incentives. Developing regions may see growing roles with improved infrastructure and farming techniques.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,500 | 2023 | +6.67% | +1.3% | View data |
| 2 | 2 India | 1,440 | 2023 | -0.97% | -0.53% | View data |
| 3 | 3 Sudan | 290 | 2023 | -1.69% | +0.85% | View data |
| 4 | 4 Nigeria | 266 | 2023 | 0% | 0% | View data |
| 5 | 5 Myanmar | 256 | 2023 | +6.67% | +0.72% | View data |
| 6 | 6 United States | 158 | 2023 | -0.63% | +2.89% | View data |
| 7 | 7 Brazil | 152 | 2023 | +2.01% | +21.67% | View data |
| 8 | 8 Tanzania | 152 | 2023 | 0% | 0% | View data |
| 9 | 9 Burkina Faso | 130 | 2023 | +4% | +11.33% | View data |
| 10 | 10 Argentina | 98 | 2023 | +28.95% | -5.05% | View data |
