The largest exporter of prepared or preserved groundnuts in 2023 was China, followed by Argentina, with both countries showing significant year-on-year growth at 2.98% and 4.25% respectively. Other notable exporters include the Netherlands, the United States, and Germany, each showcasing moderate growth rates. Significant gains were observed in countries like Myanmar with a substantial 326.78% increase, indicating potential emerging markets. Declines in countries such as Saudi Arabia highlight shifts in regional export dynamics. Overall, the market has grown steadily with fluctuations in less mature markets.
Looking ahead to 2024, emerging markets are expected to continue their growth trajectory, driven by increasing global demand for snack foods. Emphasis on organic and sustainably sourced groundnuts could shift market dynamics further, with potential for new market leaders to emerge. Additionally, trade policies and international relations could impact the competitive landscape of groundnut exports. Monitoring these trends will be key for stakeholders in the sector.
Top countries in Export of Prepared or Preserved Groundnuts by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 753,410,000 | 2023 | +1.95% | +2.98% | View data |
| 2 | 2 Argentina | 563,550,000 | 2023 | +2.57% | +4.25% | View data |
| 3 | 3 Netherlands | 304,100,000 | 2023 | +3.05% | +3.11% | View data |
| 4 | 4 United States | 278,790,000 | 2023 | +2.42% | +3.18% | View data |
| 5 | 5 Germany | 100,880,000 | 2023 | +1.29% | +2.04% | View data |
| 6 | 6 Poland | 88,586,000 | 2023 | +4.17% | +3.91% | View data |
| 7 | 7 Canada | 83,298,000 | 2023 | +2.79% | +3.41% | View data |
| 8 | 8 India | 54,458,000 | 2023 | +4.74% | +6.6% | View data |
| 9 | 9 United Kingdom | 50,635,000 | 2023 | +3.14% | +3% | View data |
| 10 | 10 Mexico | 49,212,000 | 2023 | +3.02% | +2.43% | View data |
