The global export of groundnut oil is primarily dominated by Brazil, Senegal, and Argentina, with Brazil leading at $81.615 million in 2023. Brazil's exports saw a 2.64% year-on-year increase, indicating stable growth. Meanwhile, Senegal exhibited significant growth of 10.09%, reflecting robust demand and possibly increased production capacity. Noticeably, India and China, traditionally large agricultural nations, exhibited modest growth with values of $23.427 million and $21.081 million, respectively. Emerging exporters like Kuwait showed an impressive growth of 178.02%, albeit from a smaller base, suggesting potential future influence.
Future trends to watch include the sustained export growth from Brazil, Senegal, and Argentina, given their advantageous agricultural conditions and market positioning. The rapid increase in exports from Kuwait and Greece indicates potential market shifts and developing trade links. Additionally, efforts in diversification, energy efficiency, and sustainable practices could further impact production and export trends across regions.
Top countries in Export of Groundnut Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 81,615,000 | 2023 | +2.75% | +2.64% | View data |
| 2 | 2 Senegal | 69,281,000 | 2023 | +3.01% | +10.09% | View data |
| 3 | 3 Argentina | 67,293,000 | 2023 | -0.89% | +3.87% | View data |
| 4 | 4 Nicaragua | 28,191,000 | 2023 | +2.5% | +2.95% | View data |
| 5 | 5 India | 23,427,000 | 2023 | +2.67% | +2.23% | View data |
| 6 | 6 China | 21,081,000 | 2023 | -0.098% | +0.34% | View data |
| 7 | 7 Belgium | 18,284,000 | 2023 | -2.56% | -2.77% | View data |
| 8 | 8 Netherlands | 12,974,000 | 2023 | +3.03% | +0.38% | View data |
| 9 | 9 United States | 12,324,000 | 2023 | +0.55% | +1.84% | View data |
| 10 | 10 France | 7,284,400 | 2023 | -7.94% | -5.55% | View data |
