The 2024 data show that China and India dominate the global groundnut oil demand, with 1.92 and 1.7 million metric tons respectively. These countries are followed by Nigeria, Myanmar, and the United States, which exhibit considerably lower demand levels. Year-on-year variations reveal significant trends: India, United Arab Emirates, and Angola experienced notable increases, while countries like Senegal and Zimbabwe saw declines. Groundnut oil demand in other regions, particularly in Europe and Africa, remains stable with minor fluctuations.
Looking forward, increasing demand in emerging markets and major consumer countries like China and India will drive growth. The expanding culinary applications and health awareness will be critical factors influencing market trends. Monitoring the impact of agricultural policies and environmental factors on production could provide insights into future demand shifts.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,920 | 2018 | View data | ||
| 2 | 2 India | 1,700 | 2023 | +2.17% | +3.87% | View data |
| 3 | 3 Nigeria | 352 | 2023 | +1.15% | +1.42% | View data |
| 4 | 4 Myanmar | 262 | 2023 | +0.77% | +0.78% | View data |
| 5 | 5 United States | 132 | 2023 | +0.76% | +1.42% | View data |
| 6 | 6 Senegal | 80 | 2023 | -2.44% | -2.11% | View data |
| 7 | 7 Ghana | 64 | 2023 | 0% | -0.91% | View data |
| 8 | 8 Cameroon | 62 | 2023 | 0% | +0.66% | View data |
| 9 | 9 Netherlands | 52 | 2023 | 0% | 0% | View data |
| 10 | 10 United Arab Emirates | 43 | 2023 | +7.5% | +3.05% | View data |
