In 2023, China led the global peanut oil distribution with 49.08 thousand metric tons, showing a slight increase of 2.46% year-on-year. India followed with 20.12 thousand metric tons, suffering a decrease of 0.53%. Brazil exhibited the most significant growth among major players at 21.67%, while Argentina experienced a notable decline of 5.05%. In Africa, Burkina Faso grew by 11.33%, marking a rising trend in minor markets. Smaller declines were seen across various countries like Switzerland and Guatemala, with 8.97% and 24.21% decreases, respectively.
Future trends to watch include further dominance by China, sustainable growth in Brazil, and potential new entries in African countries as they continue to increase oil production. Observing economic conditions and agricultural policies in these regions could impact global distribution and market share competition.
Top countries in Peanut Oil Distribution Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 49.08 | 2023 | +2.1% | +2.46% | View data |
| 2 | 2 India | 20.12 | 2023 | -0.97% | -0.53% | View data |
| 3 | 3 Sudan | 4.07 | 2023 | -1.69% | +0.85% | View data |
| 4 | 4 Nigeria | 3.73 | 2023 | 0% | 0% | View data |
| 5 | 5 Myanmar | 3.59 | 2023 | +6.67% | +0.72% | View data |
| 6 | 6 United States | 2.22 | 2023 | -0.63% | +2.89% | View data |
| 7 | 7 Brazil | 2.13 | 2023 | +2.01% | +21.67% | View data |
| 8 | 8 Tanzania | 2.13 | 2023 | 0% | 0% | View data |
| 9 | 9 Burkina Faso | 1.82 | 2023 | +4% | +11.33% | View data |
| 10 | 10 Argentina | 1.37 | 2023 | +28.95% | -5.05% | View data |
