The global export of refined groundnut oil exhibits substantial variation by country, with Brazil leading the market, followed by China and Belgium. Notable year-on-year changes include a 5.24% increase in Brazil, while China and Belgium saw declines of 1.04% and 4.3% respectively. Emerging exporters like Nicaragua increased by 7.38%, while countries such as Greece and Uganda experienced significant growth of 134.65% and 55.21%. In contrast, the United Kingdom saw a dramatic decline of 52.16%, with Canada and Luxembourg also experiencing decreases.
Key future trends to watch include the sustained growth potential for new and small-scale exporters, and potential fluctuations driven by economic and environmental factors affecting key players such as Brazil and China. Analyzing geopolitical changes, trade policies, and climate impacts will be crucial for predicting market dynamics and addressing supply chain vulnerabilities. Adapting to consumer preferences for high-quality, sustainable products may also drive changes in export volumes and growth opportunities.
Top countries in Export of Refined Groundnut Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 17,329,000 | 2023 | +6.24% | +5.24% | View data |
| 2 | 2 China | 9,267,300 | 2023 | +0.021% | -1.04% | View data |
| 3 | 3 Belgium | 8,884,300 | 2023 | -3.79% | -4.3% | View data |
| 4 | 4 India | 7,785,800 | 2023 | +2.51% | +2.31% | View data |
| 5 | 5 Netherlands | 6,076,700 | 2023 | +4.31% | +0.31% | View data |
| 6 | 6 France | 3,970,700 | 2023 | -6.03% | -2.89% | View data |
| 7 | 7 United States | 2,944,100 | 2023 | -0.86% | -1.01% | View data |
| 8 | 8 Nicaragua | 1,808,000 | 2023 | +4.47% | +7.38% | View data |
| 9 | 9 Italy | 1,740,000 | 2023 | +3.41% | +0.88% | View data |
| 10 | 10 Germany | 986,250 | 2023 | +2.45% | +2.39% | View data |
