Argentina leads the global groundnut oil export market with a value of $98.39 million, followed by Brazil at $63.18 million. Senegal and China are significant players, each contributing over $25 million. Belgium, India, and France also show strong export numbers. The United States and the Netherlands are smaller exporters, with exports under $13 million and $10 million respectively, while Hong Kong rounds out the top ten.
Year-on-year, Argentina and Brazil have maintained steady growth, while emerging markets like India and China show promising increases. The five-year CAGR indicates China's exports growing relatively faster compared to mature markets.
Future trends to watch:
- Potential shifts in export dynamics due to environmental or regulatory changes affecting major producers.
- Increased demand from emerging economies may boost export figures for traditional and new markets.
- Technological advancements in agriculture may influence production efficiency and export capacity.
Top countries in Top Exporters of Groundnut Oil
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Argentina | 98.39 | 2016 | |
| 2 | 2 Brazil | 63.18 | 2016 | |
| 3 | 3 Senegal | 25.9 | 2016 | |
| 4 | 4 China | 25.15 | 2016 | |
| 5 | 5 Belgium | 20.24 | 2016 | |
| 6 | 6 India | 18.37 | 2016 | |
| 7 | 7 France | 15.46 | 2016 | |
| 8 | 8 United States | 12.59 | 2016 | |
| 9 | 9 Netherlands | 9.92 | 2016 | |
| 10 | 10 Hong Kong | 4.91 | 2016 |
