Not roasted and not cooked groundnuts market in MERCOSUR

Earlier Report Observations

The market for not roasted and not cooked groundnuts in MERCOSUR experienced notable shifts from 2018 to 2022. Volume grew from 1.2 million tons in 2018 to a peak of 1.4 million tons in 2019, then contracted sharply to 1.0 million tons in 2020. A recovery followed, with the market reaching 1.3 million tons by 2022, while in value terms it mirrored this volatility, rising to $1.7 billion in 2019 before easing.

In 2023, market volume declined by 25% to 963 thousand tons, a drop primarily linked to a 16% reduction in regional production, which fell to 1.9 million tons. During this period and into 2024, the market landscape was shaped by significant factors including expanded peanut planting area in Brazil, record production and export projections in both Brazil and Argentina, and the implementation of new MERCOSUR council resolutions modifying commercial and tariff regulations for agricultural trade.

Production not roasted and not cooked groundnuts in MERCOSUR

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

MERCOSUR's production of not roasted and not cooked groundnuts has increased for the second consecutive year. In 2020, the region produced 1 963 K t, marking a 1.2% rise from 2019. Over the 2017-2020 period, production grew by 22.2%, with a compound annual growth rate of 6.9%. The lowest production volume was recorded in 2018 at 1 514 K t, which also saw the largest decline of 5.8%. In contrast, 2019 experienced the most significant increase at 28.2%.

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

In value, 2017-2020, M $ US

MERCOSUR's production value of not roasted and not cooked groundnuts has risen for the second year in a row. In 2020, output was valued at 2 471 M $ US, showing a moderate increase of 6.8% compared to the previous year. From 2017 to 2020, production value increased by 20.1%, with a compound annual growth rate of 6.3%. The minimum value occurred in 2018 at 1 732 M $ US, which also saw the largest decline of 15.8%. The most substantial increase was in 2019 at 33.5%.

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

Exports not roasted and not cooked groundnuts from MERCOSUR

Exports in kind, K t

Exports of not roasted and not cooked groundnuts from MERCOSUR have increased for the second consecutive year. In 2020, export volume reached 937.7 K t, up by 68.0% from 2019. Over the 2017-2020 period, exports grew by 172%, with a compound annual growth rate of 39.6%. The lowest export volume was in 2018 at 340.3 K t, which also experienced the largest decline of 1.3%.

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

From 2017 to 2020, the three largest markets for exports in kind were the Netherlands, Russia, and Algeria, which together accounted for 57.3% of total export flows.

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

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

Exports in value, M $ US

The market showed volatility during the observed period. Exports peaked in 2020 and reached their lowest point in 2018, with a threefold difference between these years. In 2020, export value totaled 1 180 M $ US, indicating a steep gain of 77.5% from the previous year. The minimum value was recorded in 2018 at 389 M $ US, which also saw the largest decline of 11.8%.

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

From 2017 to 2020, the Netherlands, Russia, and Algeria continued to be the top buyers of not roasted and not cooked groundnuts from MERCOSUR in value terms. The Netherlands accounted for 33.9% of exports, Russia for 16.3%, and Algeria for 7.0%, together making up 57.1% of total export value.

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

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

Imports not roasted and not cooked groundnuts to MERCOSUR

Imports in kind, K t

MERCOSUR's imports of not roasted and not cooked groundnuts have increased for the third consecutive year. In 2020, import volume stood at {value_last_year} K t, marking a sharp rise of 29.4% from 2019. Over the 2017-2020 period, imports grew by 187.7%, with a compound annual growth rate of 42.2%.

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

From 2017 to 2020, the key suppliers of not roasted and not cooked groundnuts to MERCOSUR were the United States and China, whose combined share reached 5.1% of total imports in kind.

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

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

Imports in value, M $ US

Cross-border shipments of not roasted and not cooked groundnuts to MERCOSUR have increased for the third consecutive year. In 2020, import value was 7 M $ US, which is 28.2% higher than the previous year. Between 2017 and 2020, imports increased by 164.3%, equating to an annualized rate of 38.3%.

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

Throughout 2017 to 2020, the United States, China, and Canada remained the main sources for imports in value terms of not roasted and not cooked groundnuts to MERCOSUR. The United States accounted for 4.9% of imports, China for 1.5%, and Canada for 0.7%, together making up 7.1% of total import flows.

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

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