In 2023, China's peanut oil distribution led globally with 3.5 million metric tons, a 2.46% rise year-on-year. India followed with 1.44 million metric tons, experiencing a slight decline. The United States and Burkina Faso showed notable growth rates of 2.89% and 11.33% respectively, while Brazil's distribution surged by 21.67%. Conversely, Senegal and Argentina faced declines. Despite a minor market share, Bangladesh exhibited a 3.13% increase. The five-year CAGR highlights stability in larger markets like China, while emerging markets demonstrate varied growth patterns.
Future trends to monitor include China's continued growth and the potential emergence of Brazil as a larger market player. Watch for global economic factors impacting smaller producers, which may alter their competitive landscape.
Top countries in Peanut Oil Distribution by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,500 | 2023 | +2.1% | +2.46% | View data |
| 2 | 2 India | 1,440 | 2023 | -0.97% | -0.53% | View data |
| 3 | 3 Sudan | 290 | 2023 | -1.69% | +0.85% | View data |
| 4 | 4 Nigeria | 266 | 2023 | 0% | 0% | View data |
| 5 | 5 Myanmar | 256 | 2023 | +6.67% | +0.72% | View data |
| 6 | 6 United States | 158 | 2023 | -0.63% | +2.89% | View data |
| 7 | 7 Brazil | 152 | 2023 | +2.01% | +21.67% | View data |
| 8 | 8 Tanzania | 152 | 2023 | 0% | 0% | View data |
| 9 | 9 Burkina Faso | 130 | 2023 | +4% | +11.33% | View data |
| 10 | 10 Argentina | 98 | 2023 | +28.95% | -5.05% | View data |
