The global export landscape of crude groundnut oil in 2023 shows Senegal and Argentina leading, with values of $68.167M and $67.351M, respectively. Notable trends include Senegal's significant 9.74% export growth, while India saw modest 1.06% growth. China's exports declined by 9.73%, indicating shifting market dynamics. Emerging players like New Zealand and Greece demonstrated substantial growth rates of 51.3% and 133.76%, respectively, albeit from smaller export bases. Conversely, countries like the Netherlands and Belgium reported significant declines, reflecting changing competitive environments.
Looking forward, watch for increasing exports from countries with significant growth and the potential impact of new trade agreements. The shift towards sustainable and locally sourced oils may also influence the market dynamics for crude groundnut oil. Keep an eye on geopolitical factors and economic policies that could affect trade flows and market shares globally.
Top countries in Export of Crude Groundnut Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Senegal | 68,167,000 | 2023 | +2.71% | +9.74% | View data |
| 2 | 2 Argentina | 67,351,000 | 2023 | -0.87% | +3.89% | View data |
| 3 | 3 Brazil | 61,278,000 | 2023 | +1.67% | +1.72% | View data |
| 4 | 4 Nicaragua | 25,668,000 | 2023 | +2.28% | +2.44% | View data |
| 5 | 5 India | 12,858,000 | 2023 | +2.5% | +1.06% | View data |
| 6 | 6 United States | 4,516,500 | 2023 | -0.87% | +2.07% | View data |
| 7 | 7 Germany | 1,281,500 | 2023 | +4.79% | +1.73% | View data |
| 8 | 8 South Africa | 1,095,000 | 2023 | +4.83% | +1.46% | View data |
| 9 | 9 Malaysia | 526,400 | 2023 | +4.78% | +6.47% | View data |
| 10 | 10 China | 387,180 | 2023 | -16.09% | -9.73% | View data |
