In 2023, Senegal, Argentina, and Brazil emerged as top exporters of crude groundnut oil, holding significant shares of the global market valued at 27.51%, 27.18%, and 24.73% respectively. These countries demonstrated positive growth trends, especially Senegal, which saw a year-on-year growth variation of 9.74%. Meanwhile, Greece exhibited the highest year-on-year growth rate of 133.76%, albeit starting from a smaller base. In contrast, several European countries like the Netherlands, Slovenia, and Switzerland experienced significant declines in their export shares.
Future trends to watch include continued growth in African and South American countries driven by agricultural advancements and increased demand. Additionally, shifts in Asian markets, particularly in China, may alter their current declining trend. Trade policies and climate conditions will also play key roles in shaping the landscape of global crude groundnut oil exports.
Top countries in Export of Crude Groundnut Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Senegal | 27.51 | 2023 | +2.71% | +9.74% | View data |
| 2 | 2 Argentina | 27.18 | 2023 | -0.87% | +3.89% | View data |
| 3 | 3 Brazil | 24.73 | 2023 | +1.67% | +1.72% | View data |
| 4 | 4 Nicaragua | 10.36 | 2023 | +2.28% | +2.44% | View data |
| 5 | 5 India | 5.19 | 2023 | +2.5% | +1.06% | View data |
| 6 | 6 United States | 1.82 | 2023 | -0.87% | +2.07% | View data |
| 7 | 7 Germany | 0.52 | 2023 | +4.79% | +1.73% | View data |
| 8 | 8 South Africa | 0.44 | 2023 | +4.83% | +1.46% | View data |
| 9 | 9 Malaysia | 0.21 | 2023 | +4.78% | +6.47% | View data |
| 10 | 10 China | 0.16 | 2023 | -16.09% | -9.73% | View data |
