Not roasted and not cooked groundnuts market in Asia

Earlier Report Observations

From 2018 to 2023, the Asian market for not roasted and not cooked groundnuts expanded steadily. Production volume increased from 27 904 thousand tonnes to 33 079 thousand tonnes, while market size grew from 28 392 thousand tonnes to 34 210 thousand tonnes. In value terms, the market rose from $132.2 billion to $232.1 billion. Imports peaked in 2020 at 1.7 million tonnes before moderating, and exports gradually declined from 306 thousand tonnes to 110 thousand tonnes.

By 2024, several factors began shaping the market. Production in Indonesia fell significantly, with the 2024 index only 37.37% of the 2010 level, tightening supply. New halal certification rules in Indonesia, mandatory by October 2024, affected food industry compliance. Meanwhile, India's peanut exports surged by 42% in February 2024, reinforcing its role as a key exporter. Consumer preferences shifted towards healthier, low-salt variants, prompting manufacturers to innovate.

Production not roasted and not cooked groundnuts in Asia

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

Asia's production of not roasted and not cooked groundnuts has increased for the second consecutive year. In 2020, the region produced 31 518 K t, marking a modest 2.9% rise compared to 2019. Looking at the broader period from 2017 to 2020, production grew by 6.5%, which translates to an average annual increase of 2.1%. The lowest production level was recorded in 2018 at 27 904 K t, when output fell by 5.7%. In contrast, 2019 saw the strongest growth, with a 9.8% increase.

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

In value, 2017-2020, M $ US

Asia's production value of not roasted and not cooked groundnuts has risen for the second year in a row. In 2020, the output was valued at 53 862 M $ US, reflecting a substantial year-on-year gain of 22.6%. Over the 2017-2020 period, production value increased by 9.7%, with a compound annual growth rate of 3.1%. The lowest value was recorded in 2018 at 40 717 M $ US, when it declined by 17.1%.

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

Exports not roasted and not cooked groundnuts from Asia

Exports in kind, K t

After two years of growth, Asia's exports of not roasted and not cooked groundnuts declined in volume. In 2020, the region exported 305 K t, showing a significant reduction of 14.9% compared to 2019. However, over the 2017-2020 period, exports increased by 16.8%, with an average annual growth rate of 5.3%. The peak volume was reached in 2019 at 358 K t, following the largest increase of 17.4% in 2018.

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

From 2017 to 2020, no single market dominated Asia's exports of not roasted and not cooked groundnuts. Spain accounted for 4.1% of exports in kind, the Netherlands for 4.0%, and Italy for 3.1%. Together, these three countries represented only 11.2% of total exports, with many smaller partners holding modest individual shares.

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

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

Exports in value, M $ US

Asia's export value of not roasted and not cooked groundnuts has increased for the third consecutive year. In 2020, exports amounted to 521 M $ US, representing a slight improvement of 1.4% compared to 2019. Between 2017 and 2020, export value grew by 20.4%, equating to an annualized rate of 6.4%.

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

During 2017-2020, the Netherlands, Spain, and Italy were the largest buyers of not roasted and not cooked groundnuts from Asia in value terms, with shares of 4.0%, 3.8%, and 3.4%, respectively. However, their combined contribution was limited to 11.2% of total export value, indicating a diversified market structure with numerous smaller partners.

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

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

Imports not roasted and not cooked groundnuts to Asia

Imports in kind, K t

Asia's imports of not roasted and not cooked groundnuts in volume have increased for the second consecutive year. In 2020, imports totalled 1 698 K t, showing a steep rise of 52.4% from the previous year. Over the 2017-2020 period, import volume surged by 113.1%, with a compound annual growth rate of 28.7%. The lowest volume was recorded in 2018 at 793 K t, when imports saw a minor decline of 0.4%.

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

From 2017 to 2020, Senegal, the United States, and Sudan were notable suppliers of not roasted and not cooked groundnuts to Asia, accounting for 15.3%, 13.3%, and 11.8% of imports in kind, respectively. However, their joint share reached only 40.5% of total imports, highlighting a supply structure with many smaller contributors.

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

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

Imports in value, M $ US

Asia's import value of not roasted and not cooked groundnuts has risen for the second year in a row. In 2020, imports amounted to 1 768 M $ US, marking a sharp gain of 50.3% compared to 2019. Between 2017 and 2020, import value increased by 78.1%, equating to an annualized rate of 21.2%. The lowest value was recorded in 2018 at 960 M $ US, when it declined by 3.3%.

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

Over the 2017-2020 period, Senegal, Sudan, and the United States were the largest suppliers of not roasted and not cooked groundnuts to Asia in value terms, with shares of 11.7%, 11.0%, and 9.2%, respectively. Together, they accounted for 31.9% of total import value, against a backdrop of numerous smaller partners.

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

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