Groundnutoil-cake market in China

Earlier Report Observations

Between 2018 and 2020, China's groundnut oil-cake market experienced notable volatility. Production and market volume fell to 2.37 million tons and 2.48 million tons respectively in 2019, before rebounding sharply to 2.82 million tons of production and a market volume of 2.92 million tons in 2020.

The market softened slightly in 2021, with production dipping to 2.74 million tons. During this period, peanut oil maintained a stable share of around 10% in China's edible oil consumption structure, and the strengthening of pesticide residue standards aimed to ensure agricultural product quality. In 2022, upgrades in edible oil processing technology and rising sales of traditional pressed peanut oil supported an increase in oil-cake output, driving the overall market volume to a high of 2.94 million tons. This was followed by a modest contraction in both production and market size to 2.75 million tons and 2.82 million tons, respectively, in 2023.

Production groundnutoil-cake in China

In kind, 2017-2020, K t

China was one of the world's top producers of groundnut oil-cake from 2017 to 2020, consistently ranking first in production volume during this period.

Top producers of groundnutoil-cake, 2017-2020

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

Following a two-year decline, China's groundnut oil-cake production rebounded in 2020. That year, output reached 2 822 thousand tonnes, marking a 19.1% increase compared to 2019. The lowest production level was recorded in 2019 at 2 370 thousand tonnes, which also saw the largest decline of 12.4% during the period.

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

In value, 2017-2020, M $ US

After two years of decrease, groundnut oil-cake production in China saw an upturn in 2020. The output was valued at 1 047 million US dollars, representing a significant 13.3% rise from the previous year. Over the 2017-2020 period, production overall decreased by 14%, with a compound annual growth rate of -4.9%. The lowest value was recorded in 2019 at 924 million US dollars, which experienced the largest decline of 23.8%.

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

Exports groundnutoil-cake from China

Exports in kind, K t

Groundnut oil-cake exports from China increased for the second consecutive year in 2020, reaching 0.4 thousand tonnes. This marked a sharp 51.7% rise compared to 2019. From 2017 to 2020, exports grew by 31.7%, equivalent to an annualized rate of 9.6%. The lowest export volume was recorded in 2018 at 0.2 thousand tonnes, which saw the largest decline of 26.3%.

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

Throughout 2017-2020, Asia (not elsewhere specified) and Hong Kong remained the primary destinations for China's groundnut oil-cake exports, together accounting for 94.8% of total export volume. The remaining 5.2% was distributed among other countries.

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

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

Exports in value, K $ US

Groundnut oil-cake exports from China continued to grow for the second year in a row in 2020, reaching 145 thousand US dollars. This represented a sharp 44.3% increase compared to the previous year. Over the 2017-2020 period, exports increased by 12.2%, with a compound annual growth rate of 3.9%. The lowest value was recorded in 2018 at 98 thousand US dollars, which experienced the largest decline of 24.1%.

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

From 2017 to 2020, two key markets—Hong Kong and Asia (not elsewhere specified)—together accounted for 92.0% of China's total groundnut oil-cake export value. The remaining 8.0% was spread across various other countries.

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

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

Imports groundnutoil-cake to China

Imports in kind, K t

The market displayed notable volatility during the observed period. Imports reached their lowest point in 2018 at 63.3 thousand tonnes, then peaked in 2019 at 112.2 thousand tonnes—a 1.8-fold difference between these years. In 2020, import volume declined to 92.9 thousand tonnes, showing a 17.3% reduction compared to 2019. The largest decline occurred in 2018 at 26.6%, while the largest increase was recorded in 2019 at 77.3%.

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

From 2017 to 2020, Sudan effectively monopolized China's groundnut oil-cake imports in volume terms, accounting for 100.0% of total flows.

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

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

Imports in value, K $ US

Market behavior was characterized by volatility during these years. Imports hit their lowest point in 2018 at 22 437 thousand US dollars, then peaked in 2019 at 39 773 thousand US dollars—a 1.8-fold difference. In 2020, import value decreased to 35 422 thousand US dollars, which was 10.9% lower than the previous year. The largest decline occurred in 2018 at 26.9%, while the largest increase was recorded in 2019 at 77.3%.

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

During 2017-2020, groundnut oil-cake imports to China were sourced almost exclusively from Sudan, which accounted for 100.0% of total import value.

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

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