Not roasted and not cooked groundnuts market in Australia

Earlier Report Observations

Between 2018 and 2023, the Australian market for not roasted and not cooked groundnuts experienced notable fluctuations in both volume and value. In physical terms, market volume fell from 41 520 t in 2018 to 32 541 t in 2023, but not steadily: it dropped to 31 603 t in 2019, rebounded to 43 780 t in 2020, dipped again to 39 960 t in 2021, peaked at 45 207 t in 2022, and then declined sharply in 2023. In monetary terms, the market value followed a similar pattern, starting at $66.97 million in 2018, falling to $51.20 million in 2019, jumping to $73.10 million in 2020, rising further to $75.70 million in 2021 and $80.49 million in 2022, before dropping to $61.34 million in 2023.

In the subsequent years, broader industry developments emerged. The Australian peanut butter market, a related segment, grew by 3% to $138 million in 2024, ending a two-year decline and suggesting a slight recovery in peanut product consumption. Looking ahead to 2025, regulatory changes are set to take effect, including the Australian National Packaging Targets which aim for 100% reusable, recyclable, or compostable packaging by 2025, and the Food Standards Code which mandates Health Star Rating targets for 70% of foods by November 2025. These measures introduce new requirements for packaging and food labelling that will apply to groundnuts and other nut products.

Production not roasted and not cooked groundnuts in Australia

In kind, 2018-2021, t

Top producers of not roasted and not cooked groundnuts, 2018-2021

World map of production of not roasted and not cooked groundnuts, 2018-2021

Australia's production of not roasted and not cooked groundnuts has increased for the second consecutive year. In 2021, Australia produced 17 863 tonnes, marking a significant rise of 29.9% compared to 2020. Over the period from 2018 to 2021, production grew by 19.3%, with a compound annual growth rate of 6.0%. The lowest production volume was recorded in 2019 at 10 908 tonnes, which also saw the largest decline of 27.2%.

Annual dynamics of production in Australia in kind, 2018-2021, t

In value, 2018-2021, K $ US

The value of not roasted and not cooked groundnuts production in Australia has risen for the second year in a row. In 2021, output was valued at 45 475 thousand US dollars, representing an increase of 36.0% compared to 2020. From 2018 to 2021, production value increased by 40.2%, with a compound annual growth rate of 11.9%. The minimum value was recorded in 2019 at 25 728 thousand US dollars, which also experienced the largest decline of 20.7%.

Annual dynamics of production in Australia in value, 2018-2021, K $ US

Exports not roasted and not cooked groundnuts from Australia

Exports in kind, t

Australia's exports of not roasted and not cooked groundnuts have declined for the second consecutive year. In 2021, exports reached 1 549 tonnes, a decrease of 5.7% year-on-year. Over the period from 2018 to 2021, exports fell by 38.8%, with a compound annual decline rate of 15.1%. The highest export volume was recorded in 2019 at 2 636 tonnes, which also saw the largest increase of 4.2%. The largest decline occurred in 2020, with a drop of 37.7%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, t

From 2018 to 2021, New Zealand was by far the main destination for Australia's exports of not roasted and not cooked groundnuts in volume terms, accounting for 93.1% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia in kind, 2018-2021

Exports in value, K $ US

Australia's export value of not roasted and not cooked groundnuts has decreased for the second year in a row. In 2021, exports totalled 3 943 thousand US dollars, a slight drop of 1.3% compared to the previous year. Between 2018 and 2021, exports declined by 28%, equating to an annualized rate of 10.4%. The maximum value was recorded in 2019 at 6 218 thousand US dollars, which also saw the largest increase of 13.5%. The largest decline occurred in 2020, with a decrease of 35.8%.

Annual dynamics of product's exports from Australia in value, 2018-2021, K $ US

From 2018 to 2021, New Zealand was by far the main destination for Australia's exports of not roasted and not cooked groundnuts in value terms, accounting for 92.2% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia in value, 2018-2021

Imports not roasted and not cooked groundnuts to Australia

Imports in kind, t

Australia's imports of not roasted and not cooked groundnuts have shown a dramatic decline. In 2021, imports totalled 23 331 tonnes, reflecting a sharp decrease of 25.3% compared to the previous year. Between 2018 and 2021, imports decreased by 18.7%, equating to an annualized rate of 6.7%. The minimum import volume was recorded in 2019 at 23 331 tonnes, while the maximum was in 2020 at 31 673 tonnes, which also saw the largest increase of 35.8%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, t

From 2018 to 2021, Argentina and Brazil were the dominant sources for Australia's imports of not roasted and not cooked groundnuts in volume terms, jointly accounting for 86.5% of total flows, with the remaining volume distributed among smaller markets.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia in kind, 2018-2021

Imports in value, K $ US

Australia's import value of not roasted and not cooked groundnuts has experienced a strong reduction. In 2021, imports amounted to 31 693 thousand US dollars, marking a decrease of 21.7% compared to 2020. Between 2018 and 2021, imports fell by 14.6%, equating to an annualized rate of 5.1%. The minimum value was recorded in 2019 at 31 693 thousand US dollars, while the maximum was in 2020 at 43 652 thousand US dollars, which also saw the largest increase of 37.7%.

Annual dynamics of product's imports to Australia in value, 2018-2021, K $ US

From 2018 to 2021, Argentina and Brazil jointly accounted for 84.9% of Australia's total import value of not roasted and not cooked groundnuts, with the rest distributed across smaller markets.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia in value, 2018-2021