In 2023, China is the leading producer of peanut oil with a significant production of 3.2 million metric tons. India follows as the second-largest contributor. China's production grew by 1.79% while India saw a 1.2% increase. Notably, Brazil experienced a substantial growth in production, surging by 22.63% year-over-year. Conversely, Argentina and Senegal saw production declines of 2.54% and 10.18%, respectively. The largest producers, China and India, maintain steady, albeit moderate, growth rates, indicative of stable industry trends.
Looking ahead, continued expansions in Brazil and steady production from China and India are vital trends. Global market dynamics, technological advancements, and climate impacts will also shape future fluctuations in peanut oil production capabilities worldwide.
Top countries in Peanut Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,200 | 2023 | +2.04% | +1.79% | View data |
| 2 | 2 India | 1,160 | 2023 | -5.32% | +1.2% | View data |
| 3 | 3 Sudan | 270 | 2023 | 0% | +0.76% | View data |
| 4 | 4 Nigeria | 265 | 2023 | 0% | 0% | View data |
| 5 | 5 Myanmar | 251 | 2023 | +6.81% | +1.33% | View data |
| 6 | 6 Brazil | 147 | 2023 | -0.68% | +22.63% | View data |
| 7 | 7 Tanzania | 140 | 2023 | 0% | 0% | View data |
| 8 | 8 Burkina Faso | 130 | 2023 | +4% | +11.33% | View data |
| 9 | 9 United States | 122 | 2023 | +1.67% | +4.27% | View data |
| 10 | 10 Argentina | 80 | 2023 | +50.94% | -2.54% | View data |
