The global export share of groundnuts in 2023 saw India leading with a 21.88% share in US dollars, followed by the United States at 21.03% and Brazil at 11.14%. Senegal experienced the most significant growth, surging by 24.09%, while Zimbabwe and Italy faced declines. Emerging players like Bosnia and Herzegovina saw remarkable increases of over 495%. Notably, countries like Gambia and South Korea had substantial year-on-year increases, indicating a shift in global trade patterns and opportunities for new market entrants.
Looking forward, watch for continued growth from non-traditional exporters propelled by competitive pricing and expansion into underserved markets. Technological advancements and increased consumption in developing regions could alter the global landscape further, creating new opportunities for exporters to gain a more significant share of the market.
Top countries in Export of Groundnuts Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 21.88 | 2023 | +0.81% | +4.13% | View data |
| 2 | 2 United States | 21.03 | 2023 | +2.51% | +3.43% | View data |
| 3 | 3 Brazil | 11.14 | 2023 | +4.78% | +4.29% | View data |
| 4 | 4 China | 10.59 | 2023 | +0.85% | -0.58% | View data |
| 5 | 5 Netherlands | 10.44 | 2023 | +1.75% | +2.2% | View data |
| 6 | 6 Senegal | 8.2 | 2023 | +6.48% | +24.09% | View data |
| 7 | 7 Argentina | 6.49 | 2023 | -2.18% | +2.12% | View data |
| 8 | 8 Nicaragua | 4.97 | 2023 | +2.42% | +2.55% | View data |
| 9 | 9 Myanmar | 3.86 | 2023 | +3.8% | +8.66% | View data |
| 10 | 10 Egypt | 2.08 | 2023 | +3.85% | -1.29% | View data |
