Not roasted and not cooked groundnuts market in Argentina

Earlier Report Observations

The market for not roasted and not cooked groundnuts in Argentina showed volatile volume movements from 2018 to 2023. Domestic consumption, measured as market size, rose from 797 thousand tons in 2018 to 983 thousand tons in 2019, then contracted sharply to 611 thousand tons in 2020. It partially recovered to 674 thousand tons in 2021 and 716 thousand tons in 2022, before dropping again to 379 thousand tons in 2023.

In 2024, the peanut sector saw a historic expansion in planted area, which reached 473 000 hectares for the 2024/25 season. Record export volumes of peanuts and derived products, valued at $1.186 billion, were achieved, supported by higher international prices due to global supply tightness. Regulatory updates to the Argentine Food Code for peanut-based products were implemented, and new product segments like healthy peanut butters gained traction in the local market.

Production not roasted and not cooked groundnuts in Argentina

In kind, 2017-2020, K t

Argentina ranked as the world's 8th largest producer of raw groundnuts between 2017 and 2020.

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, Argentina produced 1 285 thousand tonnes of raw groundnuts, representing a 3.9% decrease from the previous year. Over the 2017-2020 period, production grew by 24.7%, with an average annual growth rate of 7.6%. The lowest production volume was recorded in 2018 at 921 thousand tonnes, while the highest was in 2019 at 1 337 thousand tonnes. The most significant decline occurred in 2018 with a 10.7% drop, while the largest increase was in 2019 with a 45.2% rise.

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

In value, 2017-2020, M $ US

Argentina's raw groundnut production value increased for the second consecutive year in 2020, reaching 1 629 million US dollars, a modest 1.1% rise compared to 2019. Over the 2017-2020 period, production value grew by 20.9%, with an average annual growth rate of 6.5%. The lowest value was recorded in 2018 at 1 099 million US dollars. The most substantial decline occurred in 2018 with an 18.4% decrease, while the largest increase was in 2019 with a 46.6% rise.

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

Exports not roasted and not cooked groundnuts from Argentina

Exports in kind, K t

Export volumes showed irregular fluctuations, reflecting a volatile market environment. The lowest export volume was recorded in 2018 at 125.1 thousand tonnes, while the highest was in 2020 at 675.1 thousand tonnes, representing a 5.4-fold difference between these years. In 2020, Argentina exported 675.1 thousand tonnes of raw groundnuts, marking a 90.5% increase from 2019. The most significant decline occurred in 2018 with a 31.5% drop, while the largest increase was in 2019 with a 183.3% rise.

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

Between 2017 and 2020, the Netherlands (45.3% of export volume), the United Kingdom (8.5%), and Russia (4.9%) were the main destinations for Argentina's raw groundnut exports, collectively accounting for 58.7% of total export flows.

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

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

Exports in value, M $ US

Export values exhibited irregular changes, indicating market volatility. The lowest value was recorded in 2018 at 149.2 million US dollars, while the highest was in 2020 at 855.4 million US dollars, representing a 5.7-fold difference. In 2020, Argentina's raw groundnut export value reached 855.4 million US dollars, showing a 100.3% year-over-year increase. The most substantial decline occurred in 2018 with a 37.4% decrease, while the largest increase was in 2019 with a 186.1% rise.

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

From 2017 to 2020, the Netherlands (45.9% of export value), the United Kingdom (7.4%), and Russia (4.9%) were the primary buyers of Argentina's raw groundnuts, jointly representing 58.2% of total export value.

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

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

Imports not roasted and not cooked groundnuts to Argentina

Imports in kind, K t

Import volumes showed signs of volatility during the observed period. The lowest volume was recorded in 2019 at 0.3 thousand tonnes, while the highest was in 2018 at 0.8 thousand tonnes, representing a 2.6-fold difference. In 2020, Argentina imported 0.4 thousand tonnes of raw groundnuts, a 31.5% increase from the previous year. The most significant decline occurred in 2019 with a 62.1% drop, while the largest increase was in 2018 with a 70.8% rise.

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

Throughout 2017-2020, Paraguay (37.3% of import volume), Brazil (24.5%), and the United States (12.9%) were the leading sources of raw groundnut imports to Argentina, collectively accounting for 74.7% of total import flows.

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

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

Imports in value, M $ US

Import values exhibited an unstable trend throughout the period. The lowest value was recorded in 2019 at 0.3 million US dollars, while the highest was in 2018 at 1.2 million US dollars, representing a 4.3-fold difference. In 2020, Argentina's raw groundnut import value totaled 0.6 million US dollars, marking a sharp 122.5% increase compared to 2019. The most substantial decline occurred in 2019 with a 76.6% decrease.

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

Between 2017 and 2020, Paraguay (28.0% of import value), the United States (24.0%), and Brazil (20.5%) consistently held leading positions in Argentina's raw groundnut import structure, jointly representing 72.5% of total import value.

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

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