Market research

Groundnut oil and fractions market in China

$Groundnut oil and fractions market in China$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

In 2018, new regulatory measures were introduced, including the GB 2716-2018 food safety standard for vegetable oils, which tightened quality and safety requirements for groundnut oil. This raised industry standards and shifted consumer focus toward higher-quality products. The following year, market volume in physical terms decreased to 1 780 thousand tons, while in value terms it fell to $3 249 million, reflecting a market adjustment to these heightened standards.

A turnaround occurred in 2020 when the Ministry of Agriculture and Rural Affairs implemented policies to expand peanut cultivation in the Huanghuaihai region, supporting domestic oilseed production. This boost in raw material supply helped drive groundnut oil production up to 1 900 thousand tons, lifting market volume to 2 157 thousand tons and value to $4 500 million. After this peak, the market stabilized in 2021 with a marginal dip in volume to 2 116 thousand tons but a continued rise in value to $5 262 million, indicating a sustained preference for quality offerings.

From 2022 onward, the market faced headwinds from the COVID-19 pandemic, which reduced food demand in southern China by an estimated 20%-30%, directly cutting groundnut oil consumption. Simultaneously, rising peanut meal prices squeezed processors' margins, further constraining market activity. As a result, market volume declined to 2 108 thousand tons in 2022 and 2 087 thousand tons in 2023, with corresponding values falling to $5 120 million and $4 945 million, respectively.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in China
  1. 5.1.1. Annual dynamics of production in China in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in China in value, 2018-2023, $ US
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 China

In kind, 2017-2020, K t

From 2017 to 2020, China ranked as the world's second-largest producer of groundnut oil and fractions.

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

China's production of groundnut oil and fractions rebounded after a two-year decline. In 2020, output reached 1,900 K t, marking a 19.1% increase from the previous year. The lowest production level was recorded in 2019 at 1,596 K t, which saw the largest decline of 12.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.3%)	(12.4%)	19.1%	0.3%

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decrease, China's production of groundnut oil and fractions in value terms showed growth. In 2020, the output was valued at 4,094 M $ US, up 34.6% year-on-year. Over the 2017-2020 period, production fell by 11.7%, averaging an annual decline of 4.1%. The minimum value occurred in 2019 at 3,043 M $ US, while the largest drop was in 2018 at 19.8%.

Annual dynamics of production in China in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.8%)	(18.1%)	34.6%	(4.1%)

Source: SHEV.io

Exports groundnut oil and fractions from China

Exports in kind, K t

China exported 12.3 K t of groundnut oil and fractions in 2020, representing a 25.6% increase from the previous year. Between 2017 and 2020, exports grew by 45.8%, with an average annual rate of 13.4%. The largest decline was in 2019 at 3.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.9%	(3.2%)	25.6%	13.4%

Source: SHEV.io

From 2017 to 2020, Hong Kong was the dominant export destination in kind, accounting for 79.9% of total flows, while the remainder was distributed across various other markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, China's exports of groundnut oil and fractions in value terms increased. In 2020, exports totaled 26.6 M $ US, up 41.9% from the previous year. Over the 2017-2020 period, exports rose by 27.7%, with an average annual growth rate of 8.5%. The lowest value was in 2019 at 18.7 M $ US, which also saw the largest decline of 9.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.5%)	(9.6%)	41.9%	8.5%

Source: SHEV.io

During 2017-2020, the export structure in value terms was heavily concentrated on Hong Kong, which held an 80.5% share of total flows, with other partners making up the rest.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to China

Imports in kind, K t

China's imports of groundnut oil and fractions in kind increased for the third consecutive year. In 2020, import volume amounted to 269.5 K t, up 38.6% year-on-year. Between 2017 and 2020, imports surged by 149.2%, averaging an annual growth rate of 35.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.6%	51.6%	38.6%	35.6%

Source: SHEV.io

From 2017 to 2020, Argentina (34.0% of imports in kind), India (21.5%), and Brazil (20.7%) were the key import partners, together accounting for 76.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

China's imports of groundnut oil and fractions in value terms grew for the third year in a row. In 2020, import value reached 433.0 M $ US, up 92.3% from the previous year. Over the 2017-2020 period, imports increased by 192.8%, with a compound annual growth rate of 43.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.6%	45.7%	92.3%	43.1%

Source: SHEV.io

Between 2017 and 2020, Argentina (30.6% of imports in value terms), India (25.1%), and Brazil (20.9%) were the main import sources, collectively representing 76.5% of total imports in value terms for groundnut oil and fractions to China.

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

Source: SHEV.io

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

Source: SHEV.io