Not roasted and not cooked groundnuts market in Africa

Earlier Report Observations

Between 2018 and 2020, the African market for not roasted and not cooked groundnuts experienced shifts in volume linked to production factors. The introduction of over 100 improved groundnut varieties supported production levels initially. However, continued challenges in yield improvement contributed to a market contraction in 2019. A recovery followed in 2020, driven by increased demand as global production of groundnut oil was insufficient to cover consumption, elevating the role of African producers.

The market's value demonstrated sustained growth from 2021 onward, even as physical volumes fluctuated. A significant rise in refined groundnut oil export prices across Africa increased the processed value of the crop in 2021. The following year, the emergence of roasted peanuts as a major segment, fueled by health and nutrition awareness, expanded overall consumption. In 2023, government price floor policies in Senegal aimed at supporting producers, coupled with rising industrial demand and investments in Nigeria, helped maintain high market value despite a slight dip in volume.

Entering 2024, regulatory measures such as Senegal's temporary suspension of groundnut exports were implemented to secure domestic supply for processing. The broader regional trend continues to be shaped by strong industrial demand, government price interventions, and a consumer shift towards value-added products like refined oil and healthy snacks.

Production not roasted and not cooked groundnuts in Africa

In kind, 2017-2020, K t

Top producers of not roasted and not cooked groundnuts, 2017-2020

World map of production of not roasted and not cooked groundnuts, 2017-2020

In 2020, Africa produced 17 908 K t of not roasted and not cooked groundnuts, showing a modest year-over-year increase of 5.8%. Over the period from 2017 to 2020, production grew by 16.6%, which translates to an annualized rate of 5.2%. The largest decline occurred in 2019, at 2.0%, while the largest increase was recorded in 2018, reaching 12.4%.

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

In value, 2017-2020, M $ US

In 2020, the output of not roasted and not cooked groundnuts in Africa was valued at 16 006 M $ US, reflecting a steep increase of 30.9% compared to 2019. From 2017 to 2020, production rose by 29.6%, equating to an annualized growth rate of 9.0%. The minimum value was 12 227 M $ US in 2019, and the maximum was 16 894 M $ US in 2018. The largest decline of 27.6% occurred in 2019, while the largest increase of 36.7% was seen in 2018.

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

Exports not roasted and not cooked groundnuts from Africa

Exports in kind, K t

Market performance showed noticeable fluctuations during this period. Exports of not roasted and not cooked groundnuts from Africa totaled 723.0 K t in 2020, indicating an intense increase of 27.7% relative to the prior year. The minimum value was recorded in 2018 at 238.7 K t, with a 3-fold variation between this low and the 2020 peak. The largest decline of 16.2% occurred in 2018, while the largest increase of 137.2% was recorded in 2019.

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

From 2017 to 2020, China, Indonesia, and Vietnam were the main markets for Africa's exports of not roasted and not cooked groundnuts in kind. China accounted for 59.4% of exports, Indonesia for 9.5%, and Vietnam for 6.3%, together representing 75.2% of total flows.

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

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

Exports in value, M $ US

Cross-border shipments of not roasted and not cooked groundnuts from Africa increased for the third consecutive year. In 2020, Africa exported 646.2 M $ US, marking an abrupt gain of 58.0% year-over-year. Over the 2017-2020 period, exports surged by 182.3%, with a compound annual growth rate of 41.3%.

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

Between 2017 and 2020, China, Indonesia, and Italy consistently remained the main destinations for Africa's exports in value terms. China held 55.7% of exports, Indonesia 11.9%, and Italy 2.9%, together accounting for 70.6% of total flows.

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

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

Imports not roasted and not cooked groundnuts to Africa

Imports in kind, K t

Imports of not roasted and not cooked groundnuts into Africa increased for the third consecutive year. In 2020, imports amounted to 141.7 K t, equivalent to a solid increase of 16.9% compared with 2019. Over the 2017-2020 period, imports grew by 33%, with a compound annual growth rate of 10.0%.

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

From 2017 to 2020, Brazil, Argentina, and India continued to be the main suppliers of not roasted and not cooked groundnuts to Africa in kind. Brazil accounted for 17.6% of imports, Argentina for 12.3%, and India for 9.8%, jointly forming 39.7% of total imports.

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

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

Imports in value, M $ US

Imports of not roasted and not cooked groundnuts into Africa increased for the second consecutive year. In 2020, Africa imported approximately 181.1 M $ US, indicating a rise of 16.8% year-over-year. Between 2017 and 2020, imports increased by 26.1%, equating to an annualized rate of 8.0%. The minimum value was 130.4 M $ US in 2018, with the largest decline of 9.2% occurring that year, while the largest increase of 18.9% was recorded in 2019.

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

Throughout 2017 to 2020, Brazil, Argentina, and India remained the key sources for Africa's imports in value terms. Brazil accounted for 25.6% of imports, Argentina for 18.6%, and India for 13.8%, together taking 58.1% of total flows.

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

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