In 2023, China and India were the leading producers of groundnut oil, generating significant volumes, despite China's slight decrease of 0.12% compared to the previous year. India saw modest growth of 1.3%, maintaining its strong market position. Nigeria experienced a substantial decline of 0.99%, while Myanmar and Senegal posted gains of 2.04% and 0.91%, respectively. Emerging producers like Chad and Malawi recorded notable increases in production, with year-on-year growth rates of 3.49% and 4.29%. In contrast, countries such as Mozambique and Tanzania witnessed declines of 1.91% and 3.76%, respectively.
For future trends, watch for continued growth in India's groundnut oil production, driven by rising domestic demand and technological advancements. African countries like Nigeria and Senegal might explore strategies to stabilize and boost production. Global geopolitical and climatic factors will also play critical roles in shaping the groundnut oil production landscape.
Top countries in Groundnut Oil Production by Country
| # | 10 Countries | Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,815,800 | 2023 | -0.25% | -0.12% | View data |
| 2 | 2 India | 1,643,800 | 2023 | +0.66% | +1.3% | View data |
| 3 | 3 Nigeria | 346,450 | 2023 | -0.4% | -0.99% | View data |
| 4 | 4 Myanmar | 279,350 | 2023 | +1.78% | +2.04% | View data |
| 5 | 5 Senegal | 184,090 | 2023 | +1.73% | +0.91% | View data |
| 6 | 6 Argentina | 114,800 | 2023 | +2.86% | +2.25% | View data |
| 7 | 7 United States | 107,130 | 2023 | +0.68% | +2.01% | View data |
| 8 | 8 Chad | 75,970 | 2023 | +2.84% | +3.49% | View data |
| 9 | 9 Ghana | 71,090 | 2023 | +1.23% | +0.25% | View data |
| 10 | 10 Brazil | 70,740 | 2023 | +2.87% | +2.15% | View data |
