Market research

Groundnut oil and fractions market in Asia

$Groundnut oil and fractions market in Asia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The Asian market for groundnut oil and its fractions experienced a general downward trend, with volume decreasing from 5.2 million tonnes in 2018 to 4.7 million tonnes in 2023. This contraction was interrupted by a single year of growth in 2022, which temporarily reversed the decline.

Market size fell consistently from 2019 through 2021, losing over 500 thousand tonnes in total. A rebound of 4.5% occurred in 2022, adding 208 thousand tonnes, before volume slipped again by 125 thousand tonnes in 2023.

The cultural importance of groundnut oil in Asian cuisine provides a stable demand foundation. In 2024, India approved a national mission to increase domestic oilseed production, and global consumer trends continued to shift toward natural and health-conscious food ingredients.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production groundnut oil and fractions in Asia

In kind, 2017-2020, K t

Top producers of groundnut oil and fractions, 2017-2020

Source: SHEV.io

World map of production of groundnut oil and fractions, 2017-2020

Source: SHEV.io

Groundnut oil and fractions production in Asia declined for the second consecutive year. In 2020, Asia produced 4,572 K t of groundnut oil and fractions, reflecting a measured year-on-year decline of 3.9%. Over the period from 2017 to 2020, production decreased by 5%, with a compound annual growth rate of -1.7%. The largest increase was recorded in 2018 at 5.1%, reaching a peak of 5,057 K t that year. However, the largest decline occurred in 2019, with a drop of 6.0%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.1%	(6.0%)	(3.9%)	(1.7%)

Source: SHEV.io

Exports groundnut oil and fractions from Asia

Exports in kind, K t

The market exhibited volatility during the observed period. Export volumes reached their minimum in 2020 at 5.0 K t, down by 68.0% compared to the previous year. In contrast, the maximum value was recorded in 2019 at 15.7 K t, representing the largest increase of 17.5% that year. Overall, there was a 3.1-fold shift between the peak in 2019 and the low in 2020.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.7%)	17.5%	(68.0%)	(28.5%)

Source: SHEV.io

From 2017 to 2020, the United States and Australia remained the primary buyers of groundnut oil and fractions from Asia, together accounting for 3.4% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, Asia exported groundnut oil and fractions worth 39.0 M $ US, down by 6.1% compared to the previous year. Over the period from 2017 to 2020, exports increased by 10.4%, equating to an annualized growth rate of 3.3%. The minimum value was recorded in 2018 at 33.3 M $ US, while the maximum occurred in 2019 at 41.5 M $ US, with the largest increase that year at 24.6%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.7%)	24.6%	(6.1%)	3.3%

Source: SHEV.io

Between 2017 and 2020, the leading destinations for exports in value terms of groundnut oil and fractions from Asia were the United States (5.6% of exports in value terms), Australia (4.5% of exports in value terms), and Canada (1.4% of exports in value terms). Collectively, these three countries accounted for 11.5% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports groundnut oil and fractions to Asia

Imports in kind, K t

After a two-year increase, Asia's imports of groundnut oil and fractions declined. In 2020, imports amounted to 179.6 K t, which is 16.5% lower than the previous year. From 2017 to 2020, imports grew by 39.1%, with an annualized rate of 11.6%. The maximum value was recorded in 2019 at 215.1 K t, which also saw the largest increase of 47.4%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.1%	47.4%	(16.5%)	11.6%

Source: SHEV.io

During 2017–2020, groundnut oil and fractions were imported into Asia from many countries. Even the largest sources—Argentina, Brazil, and Sudan—together represented only 48.8% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Cross-border shipments of groundnut oil and fractions into Asia increased for the third consecutive year. In 2020, import volume totaled 480.8 M $ US, marking a sharp rise of 64.3% compared to the previous year. Over the period from 2017 to 2020, imports surged by 122.9%, with a compound annual growth rate of 30.6%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.7%	28.3%	64.3%	30.6%

Source: SHEV.io

Throughout 2017–2020, Argentina (24.2% of imports in value terms), Brazil (16.5% of imports in value terms), and Sudan (10.9% of imports in value terms) remained the key sources for imports in value terms. Together, these three countries accounted for 51.7% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io