In 2023, India led global groundnut oil production at approximately 1.83 million metric tons, followed closely by China with 1.82 million metric tons. Together, they dominate the market. Notable increases were seen in India, Nigeria, Argentina, and Ivory Coast, with India showing the largest growth. In contrast, Senegal and the Netherlands witnessed declines. Countries like Myanmar, the United States, and Ghana showed minor fluctuations. Japan, South Korea, and other smaller producers have remained stable but contribute minimally to global production.
Future trends to watch entail potential advancements in production technologies and shifts in agricultural policies, particularly in leading countries like India and China. Additionally, any increase in demand for plant-based oils may further influence production strategies, with Africa and South America being potential areas for growth. Monitoring climate change impacts on agricultural output will also be critical for forecasting future production potentials worldwide.
Top countries in Groundnut Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 1,830 | 2023 | +2.46% | +3.54% | View data |
| 2 | 2 China | 1,820 | 2023 | -0.16% | -0.033% | View data |
| 3 | 3 Nigeria | 351 | 2023 | +1.15% | +1.36% | View data |
| 4 | 4 Myanmar | 262 | 2023 | +0.77% | +0.78% | View data |
| 5 | 5 Argentina | 114 | 2023 | +2.7% | +2.05% | View data |
| 6 | 6 Senegal | 114 | 2023 | -0.87% | -1.83% | View data |
| 7 | 7 United States | 104 | 2023 | 0% | +1.4% | View data |
| 8 | 8 Ghana | 69 | 2023 | +1.47% | -0.29% | View data |
| 9 | 9 Brazil | 68 | 2023 | +1.49% | +1.22% | View data |
| 10 | 10 Cameroon | 62 | 2023 | 0% | +0.66% | View data |
