In 2023, the global export of groundnut oilcake and other solid residues was led by Belgium, with a notable export value share. Nicaragua and Brazil followed, showcasing moderate growth. Argentina experienced the only negative growth among the top exporters, reflecting a decline in this sector. Noteworthy is India's significant decrease, highlighting a potential market exit or drastic strategy shift. Over the past year, Belgium, Brazil, and South Africa demonstrated an upward trend, while Serbia faced a considerable contraction.
Future trends to watch include:
- Potential resurgence of Indian exports if market conditions improve or new strategies are implemented.
- Monitoring Argentina's export strategy for recovery possibilities post-decline.
- Spotting new emerging markets that could disrupt or balance the current export landscape.
Top countries in Export of Groundnut Oilcake and Other Solid Residues Share by Country (US Dollars)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 32.93 | 2023 | +3.9% | +3.98% | View data |
| 2 | 2 Nicaragua | 20.57 | 2023 | +1.22% | +0.045% | View data |
| 3 | 3 Brazil | 13.84 | 2023 | +5.51% | +4.8% | View data |
| 4 | 4 Argentina | 13.79 | 2023 | -2% | -4.84% | View data |
| 5 | 5 Netherlands | 6.46 | 2023 | -2.78% | +0.27% | View data |
| 6 | 6 South Africa | 0.64 | 2023 | +1.08% | +3.12% | View data |
| 7 | 7 India | 0.067 | 2023 | -98.14% | -69.15% | View data |
| 8 | 8 Serbia | 0.003 | 2023 | -38.58% | -28.25% | View data |
