Not roasted and not cooked groundnuts market in Honduras

Earlier Report Observations

The market volume for not roasted and not cooked groundnuts in Honduras expanded consistently from 1 654 metric tons in 2018 to 2 214 metric tons in 2023, a 34% increase over the period. This growth was primarily fueled by a rise in imports, which climbed from 1 573 tons to 2 139 tons, while domestic production remained steady at around 81-82 tons annually. The only minor interruption occurred in 2020 when the market dipped by 2.3% to 1 749 tons, reflecting a temporary adjustment rather than a structural decline.

In 2021, the Honduran agri-food sector recorded growth in exports and the opening of new international markets, supporting broader agricultural economic activity, although groundnut exports themselves remained negligible. By 2024, import volumes reached 2 412 tons, aligning with trends in the snack market where consumer preference for innovative and sustainable products, including groundnuts, has been rising. Concurrently, high production costs and climate change posed challenges for agricultural producers, while increased cost of the basic food basket affected consumer purchasing power.

Production not roasted and not cooked groundnuts in Honduras

In kind, 2017-2020, kg

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, Honduras produced 81,250 kg of not roasted and not cooked groundnuts, showing minimal change from the previous year. The largest decline and increase both occurred in 2018, each at 0.0%.

Annual dynamics of production in Honduras in kind, 2017-2020, kg

Exports not roasted and not cooked groundnuts from Honduras

Exports in kind, t

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

From 2017 to 2020, 100.0% of Honduras's total exports in kind of not roasted and not cooked groundnuts went to Nicaragua, establishing this market as overwhelmingly dominant.

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

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

Exports in value, K $ US

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

Throughout 2017–2020, Nicaragua dominated Honduras's export structure in value terms, accounting for 100.0% of total flows.

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

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

Imports not roasted and not cooked groundnuts to Honduras

Imports in kind, t

After two years of growth, Honduras's imports of not roasted and not cooked groundnuts declined. In 2020, imports stood at 1,668 t, a 2.5% decrease from the previous year. Between 2017 and 2020, imports increased by 8.2%, equivalent to an annualized rate of 2.7%. The maximum volume was recorded in 2019 at 1,710 t, with the largest increase of 8.7% also occurring that year.

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

From 2017 to 2020, imports in kind of not roasted and not cooked groundnuts to Honduras were almost entirely concentrated in Nicaragua, which held a 99.6% share.

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

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

Imports in value, K $ US

Honduras's imports of not roasted and not cooked groundnuts increased for the second consecutive year. In 2020, imports reached 2,444 K $ US, up 16.6% from the previous year. Between 2017 and 2020, imports grew by 13.7%, equating to an annualized rate of 4.4%. The minimum value was recorded in 2018 at 1,997 K $ US, with the largest decline of 7.1% also occurring that year.

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

Throughout 2017–2020, Nicaragua remained the almost exclusive supplier of not roasted and not cooked groundnuts to Honduras, accounting for 99.6% of total imports in value terms.

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

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