Groundnut oil and fractions market in Australia

Earlier Report Observations

The Australian market for groundnut oil and fractions experienced a contraction in 2019, with volume dropping to 1 495 t from 1 678 t the previous year. A recovery began in 2020, and the market entered a sustained growth phase, reaching 2 603 t by 2023—an overall increase of 55% compared to 2018.

Domestic production was a key driver of this expansion, more than doubling from 800 t in 2019 to a peak of 1 900 t in 2022 before settling at 1 800 t in 2023. This significant rise in output altered the supply structure, reducing the market's dependence on imports, which fell from over 1 100 t in 2018 to 556 t in 2022.

Import volumes rebounded to 863 t in 2023 and continued to climb, reaching 1 184 t in 2024 and 1 526 t in 2025 based on available trade data. Exports remained modest throughout the period, generally below 200 t, ensuring that the domestic market was predominantly supplied by local production and imports.

Production groundnut oil and fractions in Australia

In kind, 2018-2021, t

Top producers of groundnut oil and fractions, 2018-2021

World map of production of groundnut oil and fractions, 2018-2021

Australia's groundnut oil and fractions production has grown for the second year in a row. In 2021, the country produced 1 500 tonnes, marking a 36.4% increase compared to the previous year. Looking at the period from 2018 to 2021, production rose by 87.5%, which translates to an average annual growth rate of 23.3%. The most significant production decline occurred in 2019, with no change recorded. In contrast, 2020 saw the largest increase at 37.5%.

Annual dynamics of production in Australia in kind, 2018-2021, t

Exports groundnut oil and fractions from Australia

Exports in kind, t

The export data shows irregular fluctuations, pointing to a volatile market environment. Exports varied significantly, dropping from a peak of 323 tonnes in 2019 to a low of 27 tonnes in 2021—a 12-fold difference. In 2021, Australia exported 27 tonnes of groundnut oil and fractions, representing a substantial 18.9% decrease from the year before. The largest decline was recorded in 2020 at 89.7%, while the biggest increase occurred in 2019 with a 41.1% rise.

Annual dynamics of product's exports from Australia in kind, 2018-2021, t

From 2018 to 2021, the United States, China, and South Korea were the key partners for Australia's groundnut oil and fractions exports in volume terms. The United States accounted for 63.7% of exports, China for 12.3%, and South Korea for 7.2%. Together, these three countries made up 83.2% of total export flows during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia in kind, 2018-2021

Exports in value, K $ US

Australia's groundnut oil and fractions exports in value terms have declined for the third consecutive year. In 2021, exports totaled 238 thousand US dollars, down 8.1% from 2020. Over the four-year span from 2018 to 2021, exports fell by 71.3%, equating to an average annual decrease of 34.0%.

Annual dynamics of product's exports from Australia in value, 2018-2021, K $ US

Between 2018 and 2021, the largest buyers of Australia's groundnut oil and fractions in value terms were the United States, accounting for 20.1% of exports, Asia (not elsewhere specified) at 18.5%, and Vietnam at 18.1%. Combined, these three markets represented 56.7% of total export value during this timeframe.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia in value, 2018-2021

Imports groundnut oil and fractions to Australia

Imports in kind, t

After two years of decline, Australia's groundnut oil and fractions imports in volume terms rebounded in 2021. The country imported 673 tonnes that year, up 16.8% compared to the previous year. However, over the broader period from 2018 to 2021, imports decreased by 39.3%, with a compound annual growth rate of -15.3%. The lowest import volume was recorded in 2020 at 576 tonnes, which also saw the largest decline of 43.4%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, t

From 2018 to 2021, three main markets—Singapore, Brazil, and Hong Kong—dominated Australia's groundnut oil and fractions imports in volume terms. Together, they accounted for 75.4% of total imports during this period.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia in kind, 2018-2021

Imports in value, K $ US

In 2021, Australia's groundnut oil and fractions imports in value terms reached 1 979 thousand US dollars, reflecting a sharp 30.7% increase year-over-year. Despite this recent gain, imports decreased by 29.6% over the 2018-2021 period, with an average annual decline of 11.0%. The lowest value was recorded in 2020 at 1 514 thousand US dollars, while the peak occurred in 2019 at 2 865 thousand US dollars. The most significant drop was in 2020, with a 47.1% decrease.

Annual dynamics of product's imports to Australia in value, 2018-2021, K $ US

Over the 2018-2021 period, Singapore, Hong Kong, and Brazil were the leading sources for Australia's groundnut oil and fractions imports in value terms. Singapore contributed 44.5% of imports, Hong Kong 21.6%, and Brazil 13.1%. Collectively, these three destinations made up 79.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia in value, 2018-2021