In 2023, global groundnut production was led by China, followed by India and Nigeria. China showed modest growth, whereas India experienced a decline. The United States and Argentina posted significant growth rates. Ethiopia marked notable growth among smaller producers, while Sierra Leone had the highest increase. Countries like Indonesia, Egypt, and Thailand saw sharp declines.
Future trends point to increased production in emerging markets like Botswana and Guyana due to double-digit growth rates. Sustainable farming practices and technological advancements will further impact productivity. Monitoring climate impacts and new market entrants will be crucial for market dynamics.
Top countries in Groundnuts Gross Production by Country
| # | 10 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 13,647,000 | 2023 | +1.33% | +1.63% | View data |
| 2 | 2 India | 5,924,600 | 2023 | +0.26% | -2.42% | View data |
| 3 | 3 Nigeria | 3,490,700 | 2023 | +1.97% | +0.95% | View data |
| 4 | 4 United States | 2,208,000 | 2023 | +2.44% | +4.12% | View data |
| 5 | 5 Senegal | 1,248,600 | 2023 | +2.67% | +2.83% | View data |
| 6 | 6 Myanmar | 1,191,500 | 2023 | +1.37% | +1.05% | View data |
| 7 | 7 Argentina | 990,410 | 2023 | +3.22% | +8.24% | View data |
| 8 | 8 Chad | 647,530 | 2023 | +1.6% | +0.016% | View data |
| 9 | 9 Brazil | 614,640 | 2023 | +3.37% | +8.55% | View data |
| 10 | 10 Tanzania | 513,290 | 2023 | -0.049% | +1.14% | View data |
