The analysis of global groundnut oil production in 2023 indicates that China and India are the leading producers, holding 31.35% and 28.38% of the market share respectively. However, China's production saw a slight decline (-0.12%) while India experienced an increase (1.3%). Myanmar, Argentina, and the United States also showed notable growth, with Argentina leading at 2.25%. Several African countries such as Nigeria and the Central African Republic saw decreases in production share.
Looking to the future, key trends involve continued growth in emerging markets such as Chad, Malawi, and Angola, with significant year-on-year increases. Expansion in these regions, combined with technological advancements and sustainable farming practices, may shift market dynamics, potentially altering production shares. Monitoring these changes will be crucial for stakeholders aiming to capitalize on the evolving global market.
Top countries in Groundnut Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 31.35 | 2023 | -0.25% | -0.12% | View data |
| 2 | 2 India | 28.38 | 2023 | +0.66% | +1.3% | View data |
| 3 | 3 Nigeria | 5.98 | 2023 | -0.4% | -0.99% | View data |
| 4 | 4 Myanmar | 4.82 | 2023 | +1.78% | +2.04% | View data |
| 5 | 5 Senegal | 3.18 | 2023 | +1.73% | +0.91% | View data |
| 6 | 6 Argentina | 1.98 | 2023 | +2.86% | +2.25% | View data |
| 7 | 7 United States | 1.85 | 2023 | +0.68% | +2.01% | View data |
| 8 | 8 Chad | 1.31 | 2023 | +2.84% | +3.49% | View data |
| 9 | 9 Ghana | 1.23 | 2023 | +1.23% | +0.25% | View data |
| 10 | 10 Brazil | 1.22 | 2023 | +2.87% | +2.15% | View data |
