Groundnut oil and fractions market in the United States

Earlier Report Observations

The U.S. groundnut oil market volume remained steady at just over 123 thousand tons between 2018 and 2020. A sharp expansion occurred in 2021, with the market reaching 144.8 thousand tons, driven by stronger consumer demand and increased production capacity.

Following the 2021 peak, market volume contracted to 140.7 thousand tons in 2022 and declined further to 109.6 thousand tons in 2023.

In 2024, groundnut oil consumption in the United States was reported at 160 thousand tons. This level was supported by a significant 111% increase in imports, primarily from Argentina, and a shift in consumer preferences toward unrefined and organic oils due to growing health awareness and the popularity of ethnic cuisines.

Production groundnut oil and fractions in the United States

In kind, 2017-2020, K t

From 2017 to 2020, the United States ranked 8th globally in groundnut oil and fractions production volume.

Top producers of groundnut oil and fractions, 2017-2020

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

Groundnut oil and fractions production in the United States grew for the second consecutive year. In 2020, output reached 128.0 K t, marking an 11.3% increase from 2019. Over the 2017-2020 period, production rose by 14.3%, with a compound annual growth rate (CAGR) of 4.6%. The lowest production level was recorded in 2018 at 97.0 K t, which represented the largest decline of 13.4% that year. In contrast, 2019 saw the largest increase of 18.6%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of groundnut oil and fractions output in the United States was 216.4 M $ US, reflecting a significant year-over-year decrease of 12.2%. Over the 2017-2020 period, production value fell by 8.4%, with a compound annual growth rate (CAGR) of -2.9%. The highest value was recorded in 2019 at 246.5 M $ US, which also saw the largest increase of 12.6%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports groundnut oil and fractions from the United States

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 and peaked in 2020, with a threefold difference between these years. In 2020, the United States exported 13 785 t of groundnut oil and fractions, a substantial increase of 202.8% compared to the previous year. The minimum export volume was recorded in 2019 at 4 553 t, while the largest decline occurred in 2018 at 20.8%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, t

From 2017 to 2020, Canada (35.1% of exports in kind), China (29.2% of exports in kind), and Belgium (8.6% of exports in kind) were the primary destinations for U.S. groundnut oil and fractions exports, collectively accounting for 72.8% of total export flows.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, K $ US

The market demonstrated volatility over the observed period. Exports bottomed in 2019 and peaked in 2020, with a 2.4-fold difference between these years. In 2020, the United States exported groundnut oil and fractions valued at 23 307 K $ US, representing a 138.8% increase from the previous year. The minimum value was recorded in 2019 at 9 759 K $ US, and the largest decline occurred in 2018 at 15.3%.

Annual dynamics of product's exports from the United States in value, 2017-2020, K $ US

From 2017 to 2020, Canada (34.6% of exports in value terms), China (24.0% of exports in value terms), and Hong Kong (10.2% of exports in value terms) consistently held leading positions in the export structure by value, together accounting for 68.8% of total flows.

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

World map of product's exports from the United States in value, 2017-2020

Imports groundnut oil and fractions to the United States

Imports in kind, t

Groundnut oil and fractions imports into the United States declined for the second consecutive year. In 2020, import volume amounted to 6 820 t, a 48.8% decrease from the previous year. Over the 2017-2020 period, imports fell by 70.3%, with a compound annual growth rate (CAGR) of -33.3%. The highest import volume was recorded in 2018 at 31 246 t, which also saw the largest increase of 36.0% that year. In contrast, 2019 experienced the largest decline of 57.4%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, t

From 2017 to 2020, Argentina was the dominant supplier of groundnut oil and fractions to the United States, accounting for 71.6% of total imports in kind, with other countries making up the remainder.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, K $ US

Groundnut oil and fractions imports into the United States decreased for the second year in a row. In 2020, imports were valued at 13 455 K $ US, down 18.3% year-over-year. Over the 2017-2020 period, import value dropped by 58%, with a compound annual growth rate (CAGR) of -25.1%. The maximum value was recorded in 2018 at 37 322 K $ US, which also saw the largest increase of 16.5% that year. In contrast, 2019 recorded the largest decline of 55.9%.

Annual dynamics of product's imports to the United States in value, 2017-2020, K $ US

From 2017 to 2020, Argentina and Nicaragua led the list of markets for imports in value terms, together accounting for 84.5% of total flows, while other partners played a supplementary role.

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

World map of product's imports to the United States in value, 2017-2020