The global export volume of groundnuts is dominated by China, India, and the United States, with China leading at 16.34%, followed closely by India (13.89%) and the United States (13.75%). Significant growth was evident in Myanmar (10.76%), Russia (6.96%), and Vietnam (17.08%). While Brazil and Argentina show resilience, regions like Nicaragua (-1.12%) and Zambia (-7.79%) faced declines. Emerging exporters to watch include Myanmar and Vietnam, with notable year-on-year increases.
Future trends may see further solidification of China, India, and the United States' positions. Attention should be on Africa, particularly showings in Senegal, and growth potential in South American markets. Innovations in agricultural practices and trade agreements could disrupt current standings and offer new market leaders, particularly from underrepresented nations. Environmental concerns and climate change impacts on agriculture practices could also shape future export dynamics.
Top countries in Groundnuts Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 16.34 | 2023 | +1.5% | +1.17% | View data |
| 2 | 2 India | 13.89 | 2023 | -2.13% | -0.43% | View data |
| 3 | 3 United States | 13.75 | 2023 | +0.89% | +1.21% | View data |
| 4 | 4 Argentina | 13.59 | 2023 | +0.3% | +2.21% | View data |
| 5 | 5 Netherlands | 7.97 | 2023 | +1.54% | +1.64% | View data |
| 6 | 6 Brazil | 7.53 | 2023 | +4.47% | +3.3% | View data |
| 7 | 7 Senegal | 3.93 | 2023 | +4.84% | +5.81% | View data |
| 8 | 8 Nicaragua | 2.44 | 2023 | -0.82% | -1.12% | View data |
| 9 | 9 Egypt | 1.71 | 2023 | +3.66% | +0.97% | View data |
| 10 | 10 Myanmar | 1.61 | 2023 | +3.9% | +10.76% | View data |
