Not roasted and not cooked groundnuts market in Nicaragua

Earlier Report Observations

Between 2018 and 2023, the domestic market for not roasted and not cooked groundnuts in Nicaragua showed variable dynamics. After a decline to 73.9 thousand tons in 2019, market volume grew to 134.9 thousand tons by 2022 before contracting to 110.6 thousand tons in 2023.

The implementation of the mandatory technical standard NTON 11 039-13 for Good Agricultural Practices in 2018 established a foundation for safe groundnut production. The significant market expansion to 134.9 thousand tons in 2022 was driven by programs enhancing productivity, the adoption of new technologies and drought-resistant seeds, alongside the dominant role of COMASA, which accounts for approximately 75% of national production.

In 2023, despite a reported 5% increase in cultivated area for groundnuts, the market volume decreased. The National Plan for Production, Consumption and Trade 2023/2024 outlined supportive policies aimed at increasing agricultural output, including for groundnuts.

Production not roasted and not cooked groundnuts in Nicaragua

In kind, 2017-2020, K t

Between 2017 and 2020, Nicaragua ranked as the 27th largest producer of not roasted and not cooked groundnuts globally.

Top producers of not roasted and not cooked groundnuts, 2017-2020

World map of production of not roasted and not cooked groundnuts, 2017-2020

Nicaragua's production of not roasted and not cooked groundnuts rebounded after two years of decline. In 2020, output reached 183.7 K t, marking an 18.6% year-over-year increase. However, over the full 2017-2020 period, production fell by 9.5%, averaging a 3.3% annual decline. The lowest production level was recorded in 2019 at 154.9 K t, which saw the steepest drop of 20.5%.

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

In value, 2017-2020, M $ US

Following two years of contraction, the value of not roasted and not cooked groundnuts production in Nicaragua rose in 2020. Output was valued at 226.5 M $ US, up 22.4% from 2019. Despite this recent gain, production value decreased by 11.2% over the 2017-2020 period, with a compound annual growth rate of -3.9%. The lowest value was 185.1 M $ US in 2019, which experienced the largest decline of 19.0%.

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

Exports not roasted and not cooked groundnuts from Nicaragua

Exports in kind, t

Nicaragua's exports of not roasted and not cooked groundnuts declined for the second consecutive year in 2020. Export volume totaled 72 721 t, down 10.2% from the previous year. Over the 2017-2020 period, exports fell by 19.9%, with an average annual decrease of 7.1%. The peak export volume was 95 468 t in 2018, which saw a 5.2% increase. The sharpest decline occurred in 2019 at 15.2%.

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

From 2017 to 2020, three key markets—the United Kingdom, Mexico, and El Salvador—collectively accounted for 57.1% of Nicaragua's total exports of not roasted and not cooked groundnuts in volume terms.

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

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

Exports in value, M $ US

Nicaragua's exports of not roasted and not cooked groundnuts in value terms declined for the third straight year in 2020. Exports were recorded at 89.7 M $ US, a 7.4% decrease from 2019. Over the 2017-2020 period, export value dropped by 21.3%, with a compound annual decline of 7.7%.

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

Between 2017 and 2020, the United Kingdom (34.5% of export value), Mexico (15.3%), and El Salvador (7.4%) were the top buyers of not roasted and not cooked groundnuts from Nicaragua. Together, they represented 57.2% of total export value.

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

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

Imports not roasted and not cooked groundnuts to Nicaragua

Imports in kind, t

Import volumes of not roasted and not cooked groundnuts into Nicaragua showed significant volatility from 2017 to 2020. In 2020, imports surged to approximately 562 t, a dramatic increase of 176,576.2% from 2019. This followed a low of 0.3 t in 2019, which saw a 99.9% decline. Overall, import levels varied 1 767-fold between the high in 2020 and the low in 2019.

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

Throughout 2017-2020, imports of not roasted and not cooked groundnuts into Nicaragua were heavily concentrated, with the United States accounting for 99.2% of total volume.

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

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

Imports in value, M $ US

The value of imports into Nicaragua exhibited high volatility during the 2017-2020 period. In 2020, imports were valued at 0.4 M $ US, a substantial rise of 26,524.7% from 2019. The peak import value was 0.4 M $ US in 2018, which saw an increase of 130,767.8%. The lowest value was recorded in 2017, with a 99.6% decline in 2019. Overall, import values fluctuated 1 309-fold between the maximum in 2018 and the minimum in 2017.

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

From 2017 to 2020, the United States dominated Nicaragua's imports of not roasted and not cooked groundnuts in value terms, representing 99.3% of total imports.

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

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