Not roasted and not cooked groundnuts market in China

Earlier Report Observations

The market volume for not roasted and not cooked groundnuts in China grew from 17 315 thousand tons in 2018 to 19 786 thousand tons in 2023, with its value increasing from 24 154 million US dollars to 34 364 million US dollars. This expansion was supported by continuous state investment in agriculture and technological progress, which promoted steady growth in grain and oil crop production and optimized output.

Production rose consistently, reaching 19 231 thousand tons in 2023. That year, a previous reduction in peanut output led to stronger kernel prices, encouraging farmers to expand planting area. Simultaneously, the rapid development of deep processing, extending to products like peanut protein and peanut butter using modern equipment, sustained demand for raw groundnuts.

In 2024, the market environment was shaped by new regulations including the GB 2760-2024 food additive standard and the Food Security Law which took effect in June, tightening food safety and labeling requirements. Healthy food trends drove adoption of cold-pressing and additive-free processing, while increased planting area ensured ample domestic supply.

Production not roasted and not cooked groundnuts in China

In kind, 2017-2020, K t

China was the world's leading producer of unroasted and uncooked groundnuts from 2017 through 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

China's production of unroasted and uncooked groundnuts grew for the third year in a row. In 2020, the country produced 17 993 thousand tonnes, up 2.7% from the previous year. Over the 2017-2020 period, production increased by 5.3%, with an average annual growth rate of 1.7%.

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

In value, 2017-2020, M $ US

Following two years of decline, China's production value for unroasted and uncooked groundnuts rebounded. In 2020, output was valued at 28 024 million US dollars, representing a strong 16.1% increase from 2019. From 2017 to 2020, production value rose by 8.5%, with a compound annual growth rate of 2.7%. The lowest value occurred in 2019 at 24 148 million US dollars, while the largest decline was in 2018 at 5.9%.

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

Exports not roasted and not cooked groundnuts from China

Exports in kind, K t

China's exports of unroasted and uncooked groundnuts fell for the second consecutive year. In 2020, the country exported 132 thousand tonnes, a sharp 31.3% drop from 2019. Between 2017 and 2020, exports decreased by 11.6%, equivalent to an annualized decline of 4.0%. The peak was in 2018 at 199 thousand tonnes, which also saw the largest increase of 33.5%.

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

From 2017 to 2020, China's exports of unroasted and uncooked groundnuts were not heavily concentrated. Vietnam accounted for 15.9% of exports by volume, Thailand for 9.0%, and Japan for 8.8%, together making up just 33.7% of total flows.

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

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

Exports in value, M $ US

China's export value for unroasted and uncooked groundnuts declined for the second year in a row. In 2020, exports totaled 204.9 million US dollars, down 22.4% year-over-year. Over the 2017-2020 period, export value fell by 8.9%, with an annualized decrease of 3.0%. The highest value was recorded in 2018 at 278.6 million US dollars, which also experienced the largest increase of 23.9%.

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

Between 2017 and 2020, China's export market for unroasted and uncooked groundnuts was diverse. Vietnam contributed 15.7% of export value, Japan 14.5%, and Thailand 8.2%, together accounting for only 38.4% of total value, with many other countries holding smaller but significant shares.

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

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

Imports not roasted and not cooked groundnuts to China

Imports in kind, K t

Import volumes showed irregular changes, reflecting a volatile market. The lowest point was in 2018 at 182 thousand tonnes, while the peak occurred in 2020 at 1 084 thousand tonnes, a sixfold difference. In 2020, imports surged by 126.5% compared to the previous year. The largest decline was in 2018 at 27.7%, and the largest increase was in 2019 at 163.8%.

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

From 2017 to 2020, Senegal, the United States, and Sudan consistently dominated China's imports of unroasted and uncooked groundnuts by volume. Senegal accounted for 39.1%, the United States for 31.1%, and Sudan for 16.7%, together representing 86.8% of total imports.

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

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

Imports in value, M $ US

The import value market exhibited volatility during the observed period. The lowest point was in 2018 at 115.9 million US dollars, while the peak was in 2020 at 835.0 million US dollars, a 7.2-fold difference. In 2020, import value jumped by 159.6% year-over-year. The largest decline occurred in 2018 at 36.2%, and the largest increase was in 2019 at 177.5%.

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

Throughout 2017-2020, Senegal, the United States, and Sudan were the key partners for China's imports of unroasted and uncooked groundnuts by value. Senegal made up 39.4%, the United States 24.3%, and Sudan 20.7%, jointly accounting for 84.4% of total import value.

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

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