Groundnutoil-cake market in ASEAN

Earlier Report Observations

The market for groundnut oil-cake in ASEAN expanded consistently from 2018 to 2023, with total volume rising from 347.7 thousand tons to 498.1 thousand tons. This represents an increase of over 40% across the six-year period. Production, which forms the bulk of market supply, grew from 344.8 thousand tons to 469.7 thousand tons over the same years, indicating a robust domestic output trend. The most significant single-year jump occurred in 2023, when market size surged by 13% to reach 498.1 thousand tons.

The period saw steady annual growth, with a slight moderation in 2020 followed by accelerating increases from 2021 onward. Imports and exports remained relatively minor compared to production, though imports saw notable spikes in 2021 and 2023, reflecting occasional supplemental demand.

In 2024, industry dynamics included the entry of new players and heightened competition in the edible oil sector, particularly in Vietnam. Consumer preferences increasingly shifted toward organic, cold-pressed, and non-GMO groundnut oil products, driving innovation and premiumization. Technological advancements in extraction methods, such as improved solvent and cold-press techniques, were adopted to enhance oil yield and quality, which also influences the production of oil-cake residues.

Production groundnutoil-cake in ASEAN

In kind, 2017-2020, K t

Top producers of groundnutoil-cake, 2017-2020

World map of production of groundnutoil-cake, 2017-2020

ASEAN's groundnut oil-cake production has grown for the third year in a row. In 2020, the region produced 400.7 thousand tonnes, marking a 3.3% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 17.4%, which translates to an average annual growth rate of 5.5%.

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

Exports groundnutoil-cake from ASEAN

Exports in kind, t

The market showed significant volatility during these years. Import levels varied dramatically, with a 500-fold difference between the peak in 2017 and the low in 2019. In 2020, ASEAN's groundnut oil-cake exports reached 141 tonnes, representing a massive increase of 6 193.4% compared to 2019, when exports hit their minimum at just 2 tonnes. The largest decline occurred in 2019, with a drop of 99.4%.

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

From 2017 to 2020, the main destinations for ASEAN's groundnut oil-cake exports in volume terms were South Korea, accounting for 60.5% of exports, India with 11.0%, and Asia, not elsewhere specified, at 5.6%. Together, these three markets made up 77.1% of total export flows.

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

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

Exports in value, K $ US

The market displayed notable volatility over this period. Between 2017 and 2019, there was a peak-to-trough amplitude of 13.1 times. In 2020, ASEAN's groundnut oil-cake export value was recorded at 62 thousand US dollars, showing a sharp rise of 194.2% from 2019, when it reached its minimum of 21 thousand US dollars. The largest decline was in 2019, at 84.4%.

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

During 2017–2020, the top buyers of groundnut oil-cake from ASEAN in value terms were South Korea, with 42.9% of exports, India at 12.1%, and Australia with 11.6%. Combined, these three countries accounted for 66.6% of total export value.

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

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

Imports groundnutoil-cake to ASEAN

Imports in kind, t

The data indicates irregular changes, pointing to a volatile market environment. Imports peaked in 2018 and fell to their lowest point in 2020, with a 2.6-fold difference between these years. In 2020, groundnut oil-cake deliveries to ASEAN totaled 1 297 tonnes, marking a significant decrease of 43.9% compared to 2019. The maximum value was recorded in 2018 at 3 331 tonnes, with the largest increase that year at 142.6%.

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

From 2017 to 2020, the primary suppliers of groundnut oil-cake to ASEAN in volume terms were India, contributing 42.3% of imports, Germany at 18.3%, and China with 18.1%. Together, these three countries formed 78.8% of total imports.

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

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

Imports in value, K $ US

The market exhibited an unstable trend throughout this timeframe. There was a peak-to-trough amplitude of 6.1 times between 2017 and 2018. In 2020, ASEAN's groundnut oil-cake import value amounted to 624 thousand US dollars, representing an abrupt fall of 44.5% compared to the previous year. The maximum value was recorded in 2018 at 3 362 thousand US dollars. The largest decline occurred in 2019, at 66.6%, while the largest increase was in 2018, at 509.8%.

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

In 2017–2020, the main suppliers of groundnut oil-cake to ASEAN in value terms were India, accounting for 54.1% of imports, Germany with 20.2%, and China at 9.0%. Jointly, these three suppliers made up 83.4% of total import value.

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

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