The global export market for prepared or preserved groundnuts is dominated by China and Argentina, together contributing nearly 50% of the market by share in US dollars as of 2023. Other significant players include the Netherlands and the United States. India shows a noticeable growth trend, aided by a 6.6% increase year-on-year, while Bulgaria and South Korea also demonstrate substantial growth. Notably, Belarus and Kazakhstan posted impressive percentage increases over the last year. However, some countries such as Mozambique and Zimbabwe experienced sharp declines.
Future trends to watch for include the sustained growth potential of Asian countries like India and the impact of macroeconomic factors on European exporters such as the Netherlands and Germany. Technological improvements and changes in trade regulations may significantly influence market dynamics and regional capabilities in exporting processed agricultural goods.
Top countries in Export of Prepared or Preserved Groundnuts Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 28.31 | 2023 | +1.95% | +2.98% | View data |
| 2 | 2 Argentina | 21.18 | 2023 | +2.57% | +4.25% | View data |
| 3 | 3 Netherlands | 11.43 | 2023 | +3.05% | +3.11% | View data |
| 4 | 4 United States | 10.48 | 2023 | +2.42% | +3.18% | View data |
| 5 | 5 Germany | 3.79 | 2023 | +1.29% | +2.04% | View data |
| 6 | 6 Poland | 3.33 | 2023 | +4.17% | +3.91% | View data |
| 7 | 7 Canada | 3.13 | 2023 | +2.79% | +3.41% | View data |
| 8 | 8 India | 2.05 | 2023 | +4.74% | +6.6% | View data |
| 9 | 9 United Kingdom | 1.9 | 2023 | +3.14% | +3% | View data |
| 10 | 10 Mexico | 1.85 | 2023 | +3.02% | +2.43% | View data |
