In 2023, Brazil led the global export market share of groundnut oil with a share of 22.41%, followed by Senegal, Argentina, and Nicaragua. These countries show differing year-on-year variations, with Senegal experiencing the most substantial growth at 10.09%. Contrastingly, European countries such as Belgium, France, and Spain have seen decreasing trends. The data showcases significant increases for Kuwait, Hungary, and Greece. At the other end, countries like Luxembourg, Israel, Denmark, and Spain faced noticeable declines, with Spain seeing the most significant drop at -32.21%.
Future trends to watch include:
- Potential growth in Africa, with Senegal showing a notable increase in market share.
- Rising export potential for smaller economies like Lebanon, with significant percentage growth.
- European market volatility, with France and Spain on a declining trend that may continue.
- New market entries or expansion from underrepresented regions such as Eastern Europe and the Middle East.
Top countries in Export of Groundnut Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 22.41 | 2023 | +2.75% | +2.64% | View data |
| 2 | 2 Senegal | 19.03 | 2023 | +3.01% | +10.09% | View data |
| 3 | 3 Argentina | 18.48 | 2023 | -0.89% | +3.87% | View data |
| 4 | 4 Nicaragua | 7.74 | 2023 | +2.5% | +2.95% | View data |
| 5 | 5 India | 6.43 | 2023 | +2.67% | +2.23% | View data |
| 6 | 6 China | 5.79 | 2023 | -0.098% | +0.34% | View data |
| 7 | 7 Belgium | 5.02 | 2023 | -2.56% | -2.77% | View data |
| 8 | 8 Netherlands | 3.56 | 2023 | +3.03% | +0.38% | View data |
| 9 | 9 United States | 3.38 | 2023 | +0.55% | +1.84% | View data |
| 10 | 10 France | 2 | 2023 | -7.94% | -5.55% | View data |
