The global export of groundnut oilcake and other solid residues shows distinct variations among countries. In 2023, Belgium led with the highest export value of $6.91 million, experiencing a 3.98% increase. Nicaragua followed, with consistent growth. Brazil and Argentina saw contrasting performances, with Brazil increasing exports by 4.8%, while Argentina's exports decreased by 4.84%. The Netherlands and South Africa showed marginal upticks, whereas India and Serbia experienced significant declines of 69.15% and 28.25%, respectively.
Future trends to watch include:
- Belgium and Brazil potentially solidifying their leading positions.
- Recovery attempts by India and Serbia to regain market share.
- The impact of global agricultural policies on export dynamics.
Top countries in Export of Groundnut Oilcake and Other Solid Residues by Country
| # | 8 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 6,909,900 | 2023 | +3.9% | +3.98% | View data |
| 2 | 2 Nicaragua | 4,316,800 | 2023 | +1.22% | +0.045% | View data |
| 3 | 3 Brazil | 2,902,800 | 2023 | +5.51% | +4.8% | View data |
| 4 | 4 Argentina | 2,892,400 | 2023 | -2% | -4.84% | View data |
| 5 | 5 Netherlands | 1,355,800 | 2023 | -2.78% | +0.27% | View data |
| 6 | 6 South Africa | 133,580 | 2023 | +1.08% | +3.12% | View data |
| 7 | 7 India | 14,150 | 2023 | -98.14% | -69.15% | View data |
| 8 | 8 Serbia | 656 | 2023 | -38.58% | -28.25% | View data |
