In 2023, China dominated global peanut oil imports with 300,000 metric tons, significantly outweighing other countries. The United States, at 25,000 metric tons, and Hong Kong, at 15,000 metric tons, followed. Switzerland, Malaysia, Japan, and Nigeria all showed minimal imports. The year-on-year growth highlights China's robust 11.77% increase, contrasting with the U.S.'s slight decline of 1.53%. Switzerland experienced an 8.97% drop, and Malaysia showed no change. Notably, Mexico saw a complete halt in imports. Over five years, China's CAGR was likely positive, outshining stable or declining trends elsewhere.
Future trends may involve shifts in dietary preferences and oil price fluctuations influencing import dynamics. China's import dominance is expected to continue, whereas economic factors could affect countries with smaller import volumes. Monitoring changes in health trends and local production could impact import needs, particularly in developing markets.
Top countries in Peanut Oil Import by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 300 | 2023 | +2.74% | +11.77% | View data |
| 2 | 2 United States | 25 | 2023 | -10.71% | -1.53% | View data |
| 3 | 3 Hong Kong | 15 | 2023 | |||
| 4 | 4 Switzerland | 5 | 2023 | +25% | -8.97% | View data |
| 5 | 5 Malaysia | 2 | 2023 | 0% | 0% | View data |
| 6 | 6 Japan | 1 | 2023 | 0% | 0% | View data |
| 7 | 7 Mexico | 1 | 2023 | 0% | View data | |
| 8 | 8 Nigeria | 1 | 2023 | 0% | 0% | View data |
