In 2023, China dominated global groundnuts production, holding a substantial 33.76% share, with India following at 14.66%. Nigeria, the United States, and Senegal complete the top five. Notably, there was significant growth observed in Ethiopia, South Sudan, and Argentina, demonstrating year-on-year increases of 9.74%, 16.59%, and 8.24% respectively. In contrast, Indonesia and South Africa experienced declines, with decreases of 7.15% and 7.02% respectively, influenced by various economic and climatic factors.
Key future trends to monitor include increased production capacities in African nations like Sierra Leone and Botswana, which are currently seeing substantial growth rates. This upward momentum, if sustained, may shift the production balance, potentially leading to broader market implications. Observers should particularly watch for technological advancements, climate change impacts, and economic policies that could alter production dynamics globally.
Top countries in Groundnuts Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.76 | 2023 | +1.33% | +1.63% | View data |
| 2 | 2 India | 14.66 | 2023 | +0.26% | -2.42% | View data |
| 3 | 3 Nigeria | 8.64 | 2023 | +1.97% | +0.95% | View data |
| 4 | 4 United States | 5.46 | 2023 | +2.44% | +4.12% | View data |
| 5 | 5 Senegal | 3.09 | 2023 | +2.67% | +2.83% | View data |
| 6 | 6 Myanmar | 2.95 | 2023 | +1.37% | +1.05% | View data |
| 7 | 7 Argentina | 2.45 | 2023 | +3.22% | +8.24% | View data |
| 8 | 8 Chad | 1.6 | 2023 | +1.6% | +0.016% | View data |
| 9 | 9 Brazil | 1.52 | 2023 | +3.37% | +8.55% | View data |
| 10 | 10 Tanzania | 1.27 | 2023 | -0.049% | +1.14% | View data |
