The global peanut oil export landscape in 2023 was led by Brazil, India, and Argentina, controlling significant portions of the share. Brazil showed notable growth with a 24.23% increase, while India’s export surged by 61.86%, indicating a strong expansion. Conversely, Argentina's share decreased by 5.65%, and Senegal saw a 15.1% decline. The United States witnessed an 11.84% rise, whilst Sudan also experienced a 10.76% increase. Other countries like Mali and Gambia showed stability or modest growth, whereas countries like Nigeria and Malaysia maintained their shares without variation.
Looking ahead, future trends worth monitoring include the potential expansion of India's export capacity due to enhanced production efficiencies and market diversification. Additionally, Brazil's continual growth might be influenced by their agricultural policies and international demand fluctuations. On the other hand, Argentina needs strategic adjustments to regain upward momentum amidst global competition. Lastly, watch for emerging markets that may impact the global share dynamics, offering potential export destinations or competition, especially from African countries.
Top countries in Peanut Oil Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 32.58 | 2023 | +3.57% | +24.23% | View data |
| 2 | 2 India | 22.47 | 2023 | -9.09% | +61.86% | View data |
| 3 | 3 Argentina | 17.98 | 2023 | +45.45% | -5.65% | View data |
| 4 | 4 Senegal | 6.74 | 2023 | +25% | -15.1% | View data |
| 5 | 5 Sudan | 5.62 | 2023 | +25% | +10.76% | View data |
| 6 | 6 Mali | 4.27 | 2023 | 0% | 0% | View data |
| 7 | 7 Nicaragua | 2.92 | 2023 | 0% | -2.82% | View data |
| 8 | 8 China | 2.25 | 2023 | 0% | 0% | View data |
| 9 | 9 United States | 1.57 | 2023 | +16.67% | +11.84% | View data |
| 10 | 10 Hong Kong | 0.67 | 2023 |
