The global groundnut oil export volume in 2023 highlighted Brazil as the leading exporter with 68,000 metric tons, followed by Argentina and Senegal with 51,000 and 32,000 metric tons, respectively. Brazil's export levels have seen a 1.54% increase, while Argentina experienced a slight decrease of 0.39%. Senegal's exports also dipped by 2.33%. Interestingly, Nicaragua maintained stable exports, while noticeable decreases were observed in India and China. The Netherlands showed the highest year-on-year growth rate of 2.71% among smaller exporters. The United States, France, Italy, and South Africa saw no change in their export volumes over the last year.
Future trends in global groundnut oil exports might focus on market diversification efforts by traditional exporters like India and China, amidst growing demand in emerging markets. Technological advancements and increased domestic consumption could influence export capacities. Observing policy changes and trade agreements will also be crucial for understanding shifts in export volumes across these countries.
Top countries in Groundnut Oil Export Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 68 | 2023 | +3.03% | +1.54% | View data |
| 2 | 2 Argentina | 51 | 2023 | -3.77% | -0.39% | View data |
| 3 | 3 Senegal | 32 | 2023 | 0% | -2.33% | View data |
| 4 | 4 Iran | 28 | 2023 | +7.69% | +0.73% | View data |
| 5 | 5 Nicaragua | 21 | 2023 | 0% | 0% | View data |
| 6 | 6 India | 16 | 2023 | 0% | -1.21% | View data |
| 7 | 7 China | 11 | 2023 | 0% | -1.73% | View data |
| 8 | 8 Belgium | 10 | 2023 | 0% | -1.89% | View data |
| 9 | 9 Netherlands | 8 | 2023 | +14.29% | +2.71% | View data |
| 10 | 10 United States | 5 | 2023 | 0% | 0% | View data |
