Not roasted and not cooked groundnuts market in Eastern Asia

Earlier Report Observations

The market for not roasted and not cooked groundnuts in Eastern Asia expanded consistently from 2018 to 2021, with volume growing from 17.4 million tons to over 19.2 million tons. This upward trend was supported by enhanced government supervision and statistical reporting for oilseed crops, which improved market transparency and standardization. Policy backing from agricultural authorities encouraged the steady increase of peanut planting areas and yields. At the same time, diversification of consumer demand prompted variety improvements and new product development, while advances in processing technology such as cold pressing and microwave sterilization raised product quality and safety, stimulating broader consumption.

After a minor volumetric contraction in 2022 linked to a dip in peanut production, the market resumed growth in 2023, reaching 19.9 million tons. The decline in output strengthened prices and prompted adjustments in supply-demand balance. Concurrently, the deep-processing segment began shifting toward refined, functional, and environmentally friendly products, adding value. The launch of peanut futures trading in 2021 enhanced price discovery mechanisms and market activity. In 2023, although traditional demand channels softened due to a slowdown in real estate activity and African import delays affected supply, increased domestic production and heightened price volatility in futures markets propelled the market's monetary value sharply higher.

Production not roasted and not cooked groundnuts in Eastern 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

Production of not roasted and not cooked groundnuts in Eastern Asia has increased for the third consecutive year. In 2020, the region produced 18,015 K t, marking a modest 2.7% rise from the previous year. Over the 2017-2020 period, production grew by 5.2%, with an average annual growth rate of 1.7%.

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

In value, 2017-2020, M $ US

Following a two-year decline, the value of not roasted and not cooked groundnuts production in Eastern Asia rebounded. In 2020, output was valued at 26,145 M $ US, representing a significant 14.4% increase compared to 2019. From 2017 to 2020, production value rose by 7.9%, translating to an annualized growth rate of 2.6%. The lowest value was recorded in 2019 at 22,856 M $ US, while the largest decline occurred in 2018 at 5.1%.

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

Exports not roasted and not cooked groundnuts from Eastern Asia

Exports in kind, K t

Cross-border shipments of not roasted and not cooked groundnuts from Eastern Asia declined for the second year in a row. In 2020, the region exported 141 K t, a sharp 30.3% decrease from the previous year. Over the 2017-2020 period, exports fell by 11.3%, with an average annual decline of 3.9%. The peak was reached in 2018 at 211 K t, which also saw the largest increase of 32.1%.

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

From 2017 to 2020, exports in kind were distributed across a diverse range of partner countries. Vietnam (15.9% of exports), Thailand (8.9%), and Spain (7.9%) were the top destinations, but together they accounted for only 32.8% of total flows.

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

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

Exports in value, M $ US

Eastern Asia's export value of not roasted and not cooked groundnuts declined for the second consecutive year. In 2020, exports totaled 205.3 M $ US, reflecting a 22.4% drop compared to 2019. Between 2017 and 2020, export value decreased by 9.1%, equating to an annualized decline of 3.1%. The highest value was recorded in 2018 at 279.4 M $ US, which also experienced the largest increase of 23.7%.

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

From 2017 to 2020, not roasted and not cooked groundnuts from Eastern Asia were traded with numerous countries. Even the largest destinations—Vietnam, Thailand, and the Netherlands—collectively represented just 31.5% of total export value.

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

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

Imports not roasted and not cooked groundnuts to Eastern Asia

Imports in kind, K t

Import volumes showed significant volatility during this period. The lowest level was recorded in 2018 at 235 K t, with the largest decline of 23.0% occurring that year. In 2019, imports surged by 125.7%, reaching a peak in 2020 at {value_last_year} K t, which marked an intense 113.4% increase from 2019. The top-to-bottom ratio between 2018 and 2020 was 4.8 times.

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

From 2017 to 2020, three main markets—Senegal, the United States, and Sudan—together absorbed 82.7% of total imports in kind of not roasted and not cooked groundnuts to Eastern Asia.

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

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

Imports in value, M $ US

Import values exhibited irregular changes, indicating a volatile market. The minimum was recorded in 2018 at 199.3 M $ US, with the largest decline of 24.8% that year. Values then climbed to a maximum in 2020 at 909.5 M $ US, reflecting an abrupt 128.0% year-on-year advance. This represented a 4.6-fold shift from the 2018 low.

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

Over the 2017-2020 period, Senegal (32.3% of import value), the United States (25.1%), and Sudan (17.0%) made the biggest contributions to imports in value terms, jointly accounting for 74.4% of total flows.

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

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