Groundnut oil and fractions market in Northern America

Earlier Report Observations

The market volume for groundnut oil and fractions in Northern America increased from 97.7 thousand tons in 2018 to a peak of 133.1 thousand tons in 2021, before declining to 99.7 thousand tons by 2023.

In 2024, Cargill invested $150 million to expand oilseed processing capacity in Mississippi, while Ruchi Soya Industries launched a premium cold-pressed groundnut oil brand with nitrogen flushing packaging, responding to rising consumer preference for natural and organic products.

Production groundnut oil and fractions in Northern America

In kind, 2017-2020, K t

Top producers of groundnut oil and fractions, 2017-2020

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

Northern America's groundnut oil and fractions production has increased for the second year in a row. In 2020, the region produced 128.0 thousand tonnes, marking an 11.3% rise from 2019. Over the 2017-2020 period, production grew by 14.3%, with an average annual growth rate of 4.6%. The lowest production level was in 2018 at 97.0 thousand tonnes, which saw the largest decline of 13.4%. In contrast, 2019 recorded the biggest increase of 18.6%.

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

Exports groundnut oil and fractions from Northern America

Exports in kind, t

The data shows irregular changes, pointing to a volatile market. Export volumes hit their lowest point in 2019 at 2 tonnes, with the largest decline of 93.3% that year. They then surged to a peak of 91 tonnes in 2020, representing a massive 4 357.8% year-over-year increase, resulting in a 45-fold shift between these two years.

Annual dynamics of product's exports from Northern America in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Northern America's groundnut oil and fractions exports in kind were France, accounting for 57.8% of exports, Hong Kong at 9.8%, and Asia, not elsewhere specified, at 7.3%. Together, these three markets made up 74.9% of total export flows.

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

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

Exports in value, K $ US

Market behavior was volatile during these years. The minimum export value was recorded in 2019 at 6 thousand US dollars, with the largest decline of 87.0% that year. In contrast, 2018 saw the maximum value of 47 thousand US dollars. By 2020, exports reached 46 thousand US dollars, a sharp increase of 653.0% year-over-year, creating a peak-to-trough amplitude of 7.7 times from 2018 to 2019.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

From 2017 to 2020, the partner structure for exports in value terms was balanced rather than concentrated. France represented 26.9% of exports, Hong Kong 4.6%, and Asia, not elsewhere specified 3.6%, together accounting for 35.1% of total flows. Many other countries made up the remaining 64.9%.

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

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

Imports groundnut oil and fractions to Northern America

Imports in kind, t

Market performance showed noticeable fluctuations during the period. Imports dropped to their lowest point in 2018 at 738 tonnes, with the largest decline of 72.3% that year. They then rebounded in 2019 with the largest increase of 254.0%. By 2020, imports stood at 2 337 tonnes, down 10.5% from 2019, resulting in a 3.6-fold variation from the high in 2017 to the low in 2018.

Annual dynamics of product's imports to Northern America in kind, 2017-2020, t

From 2017 to 2020, the partner portfolio for imports in kind of groundnut oil and fractions to Northern America was quite broad. Argentina accounted for 12.1% of imports, Hong Kong 4.8%, and China 4.1%, together representing only 21.0% of total flows.

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

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

Imports in value, K $ US

In 2020, Northern America's groundnut oil and fractions imports reached 6 166 thousand US dollars, a moderate increase of 7.6% from 2019. The minimum value was in 2019 at 5 730 thousand US dollars, with the largest decline of 12.5% that year. The maximum value was recorded in 2018 at 6 547 thousand US dollars, which saw the largest increase of 7.8%.

Annual dynamics of product's imports to Northern America in value, 2017-2020, K $ US

The market base for imports in value terms from 2017 to 2020 was wide. Argentina accounted for 8.1% of imports, Hong Kong 6.8%, and China 6.4%, together making up just 21.3% of total flows. The remaining 78.7% was shared by numerous other countries.

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

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