In 2024, China continues to dominate global groundnuts production, contributing 36.49% to the total output. India follows with a 14.99% share, while Nigeria holds 10.47%. Other significant producers include the United States (5.73%), Myanmar (3.3%), and Chad/Senegal (1.92% each). The remaining production is more fragmented across several countries, with Indonesia, Argentina, and Niger each contributing between 1.2-1.9%. Key year-on-year variations show positive growth in countries like the United States (+2.11%), Brazil (+2.01%), and Egypt (+1.92%), while others like Indonesia (-1.7%) and Argentina (-1.34%) experienced declines.
Future trends in global groundnut production to watch for include:
- China’s continued investment in agricultural technologies to maintain its leading position.
- India’s efforts to expand its production capacity to close the gap with China.
- Emerging trends in African countries like Nigeria, Chad, and Senegal, which are expected to see further growth due to investment in farming practices.
- Potential impact of climate change on groundnut yields, particularly in regions susceptible to extreme weather conditions.
- Technological advancements and sustainable farming practices to enhance productivity and mitigate the effects of climate change.
Top countries in Groundnuts Production Share by Country (Thousand Metric Tons)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 36.49 | 2023 | +0.39% | +0.26% | View data |
2 | 2 India | 14.99 | 2023 | -0.23% | +1.57% | View data |
3 | 3 Nigeria | 10.47 | 2023 | +1.87% | +1.9% | View data |
4 | 4 United States | 5.73 | 2023 | +0.62% | +2.11% | View data |
5 | 5 Myanmar | 3.3 | 2023 | +0.25% | +0.39% | View data |
6 | 6 Chad | 1.92 | 2023 | +0.87% | +0.77% | View data |
7 | 7 Senegal | 1.92 | 2023 | +1.31% | +1.8% | View data |
8 | 8 Indonesia | 1.9 | 2023 | -1.92% | -1.7% | View data |
9 | 9 Argentina | 1.78 | 2023 | -1.94% | -1.34% | View data |
10 | 10 Niger | 1.29 | 2023 | +1.87% | +1.9% | View data |