Not roasted and not cooked groundnuts market in Benin

Earlier Report Observations

The market for not roasted and not cooked groundnuts in Benin began the period at 226 thousand tons in 2018. That year saw the implementation of Decree No. 2018-172, which established rules for agriculture and food safety, alongside the government's 'Zero Hunger' plan aimed at boosting sustainable farming. These measures provided a structured framework for the sector. However, the market volume then contracted sharply by 24% in 2019 to 172 thousand tons.

After stabilizing near 174 thousand tons in 2020—a year characterized by reports of low market dynamism and falling peanut stocks in production zones—the market expanded to 180 thousand tons in 2021. A subsequent decline to 165 thousand tons occurred in 2022. During this time, export prices for Beninese groundnuts rose significantly by 40% compared to 2018, a trend that likely encouraged a greater focus on external sales, while the national standards agency (ANM) worked to implement quality norms for food products.

Market volume recovered to 180 thousand tons in 2023. This rebound took place despite noted challenges in production caused by adverse weather conditions and poor seed quality, which tightened domestic supply and pushed up prices. Concurrently, the government expressed clear intent to revitalize the agricultural sector by promoting local production. Looking ahead, factors such as the adoption of a new National Food and Nutrition Policy and persistent local raw material shortages signaled ongoing market tensions.

Production not roasted and not cooked groundnuts in Benin

In kind, 2017-2020, K t

Between 2017 and 2020, Benin ranked 29th globally in the production of not roasted and not cooked groundnuts.

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, Benin produced 172.6 K t of not roasted and not cooked groundnuts, marking a 1.3% increase from the previous year. Over the period from 2017 to 2020, production grew by 20.7%, which translates to an annualized rate of 6.5%. The highest production level was recorded in 2018 at 225.7 K t. In 2019, production saw its largest decline of 24.5%, while the largest increase occurred in 2018 with a 57.9% rise.

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

Exports not roasted and not cooked groundnuts from Benin

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Export volumes varied significantly, with a 14.3-fold difference between the low in 2019 and the high in 2017. In 2020, deliveries of not roasted and not cooked groundnuts from Benin amounted to 175 t, representing a 691.6% increase compared to the previous year. The minimum value was recorded in 2019 at 22 t, and the largest decline occurred in 2018 with a 75.3% drop.

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

From 2017 to 2020, the leading destinations for exports in kind of not roasted and not cooked groundnuts from Benin were South Africa (23.7% of exports in kind), Vietnam (18.6% of exports in kind), and the Philippines (16.9% of exports in kind). Together, these three countries accounted for 59.1% of total export flows.

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

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

Exports in value, K $ US

Volatility characterized the market behavior during these years. Export values showed a 14.9-fold difference between the lowest point in 2019 and the highest in 2017. In 2020, exported volumes of not roasted and not cooked groundnuts from Benin reached 65.6 K $ US, reflecting a 584.7% increase compared to the previous year. The minimum value was recorded in 2019 at 9.6 K $ US, and the largest decline occurred in 2018 with an 82.5% decrease.

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

From 2017 to 2020, Vietnam (35.6% of exports in value terms), South Africa (20.1% of exports in value terms), and India (10.5% of exports in value terms) were consistently the main destinations for exports in value terms. Together, they accounted for 66.2% of total export flows.

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

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

Imports not roasted and not cooked groundnuts to Benin

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Import volumes varied by 2.2 times, with the low in 2017 and the peak in 2019. In 2020, Benin imported 1 455 t of not roasted and not cooked groundnuts, representing a 19.2% decrease compared to 2019. The maximum value was recorded in 2019 at 1 455 t, and the largest increase occurred in 2019 with a 98.3% rise.

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

Throughout 2017 to 2020, Niger dominated the country structure of imports in kind, accounting for 90.3% of total import flows.

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

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

Imports in value, K $ US

The market showed signs of volatility over the observed period. Import values varied by 2.6 times, with the low in 2018 and the high in 2019. In 2020, Benin imported 21.0 K $ US of not roasted and not cooked groundnuts, marking a steep 53.3% decline from 2019. The minimum value was recorded in 2018 at 17.2 K $ US, while the maximum was in 2019 at 44.9 K $ US. The largest decline occurred in 2018 with a 57.3% drop, and the largest increase was in 2019 with a 161.3% rise.

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

From 2017 to 2020, Niger (56.1% of imports in value terms), Nigeria (18.1% of imports in value terms), and Togo (14.2% of imports in value terms) were the largest suppliers of not roasted and not cooked groundnuts to Benin. Together, they formed 88.4% of total imports in value terms.

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

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