Not roasted and not cooked groundnuts market in Senegal

Earlier Report Observations

The market volume for not roasted and not cooked groundnuts in Senegal fluctuated between 2018 and 2023, ranging from 1 094 thousand tonnes in 2019 to 1 556 thousand tonnes in 2023. State intervention through the National Interprofessional Peanut Committee (CNIA) consistently set producer prices, which were raised from 250 FCFA per kg in 2021 to 275 FCFA in 2022 and 280 FCFA in 2023. This pricing policy, along with government decisions to pay outstanding dues to operators, aimed to incentivize production and stabilize supply.

Export dynamics significantly influenced domestic availability. In 2020, the market opening to foreign exporters, particularly from China offering higher prices, created competitive pressure and contributed to a decline in official exports from 327 thousand tonnes in 2019 to 267 thousand tonnes. This drop in exports helped increase the market volume to 1 531 thousand tonnes that year. Exports continued to fall sharply to 178 thousand tonnes in 2022 and 119 thousand tonnes in 2023, which bolstered local market volume despite production variations.

Long-term sector support under the Emerging Senegal Plan included a doubled budget for seed subsidies and the introduction of 10 new peanut varieties with improved yields. These measures, alongside the maintained ban on seed exports and enhanced quality controls, supported production capacity, reflected in the market volume growth to 1 556 thousand tonnes in 2023.

Production not roasted and not cooked groundnuts in Senegal

In kind, 2017-2020, K t

From 2017 to 2020, Senegal ranked 7th globally in the production of not roasted and not cooked groundnuts.

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, Senegal produced 1 797 K t of not roasted and not cooked groundnuts, marking a 26.5% increase from the previous year. Over the period from 2017 to 2020, production grew by 27.9%, which translates to an annualized rate of 8.6%. The most significant drop occurred in 2019, with a decline of 5.3%.

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

In value, 2017-2020, M $ US

Following a two-year decline, Senegal's production of not roasted and not cooked groundnuts rebounded. In 2020, the output was valued at 1 332 M $ US, up by 60.9% compared to 2019. Between 2017 and 2020, production increased by 17.3%, equating to an annualized growth rate of 5.5%. The lowest value was recorded in 2019 at 828 M $ US, which also saw the largest decline of 14.8%.

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

Exports not roasted and not cooked groundnuts from Senegal

Exports in kind, K t

The market experienced notable fluctuations during this period. Exports reached their lowest point in 2017 and peaked in 2019, with a 3.2-fold difference between these years. In 2020, Senegal's exports of not roasted and not cooked groundnuts totaled 266.6 K t, representing a significant reduction of 18.4% year-over-year. The highest volume was recorded in 2019 at 326.9 K t, which also saw the largest increase of 197.3%.

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

From 2017 to 2020, China was the nearly exclusive buyer of not roasted and not cooked groundnuts from Senegal, accounting for 97.8% of total exports in kind.

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

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

Exports in value, M $ US

Volatility characterized the market behavior during these years. Exports hit their lowest point in 2018 and peaked in 2020, with a 2.8-fold gap between these years. In 2020, Senegal's exports of not roasted and not cooked groundnuts amounted to 197.6 M $ US, showing a moderate improvement of 3.7% compared to the previous year. The minimum value was recorded in 2018 at 71.2 M $ US, which also experienced the largest decline of 14.1%. The largest increase occurred in 2019, with a rise of 167.6%.

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

From 2017 to 2020, the market structure was highly concentrated, with China alone responsible for 97.5% of total exports in value terms.

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

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

Imports not roasted and not cooked groundnuts to Senegal

Imports in kind, K t

Senegal's imports of not roasted and not cooked groundnuts declined for the second consecutive year. In 2020, imports totaled 0.0 K t, reflecting a steep contraction of 73.6% compared to the previous year. Between 2018 and 2020, imports decreased by 90.6%, equating to an annualized rate of decline of 54.5%.

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

From 2017 to 2020, Côte d'Ivoire and Thailand were the dominant sources for imports in kind, jointly accounting for 80.1% of total flows, with the remainder distributed among other markets.

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

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

Imports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. Imports varied significantly, with volumes differing by 82 times from the high in 2019 to the low in 2020. In 2020, Senegal's imports of not roasted and not cooked groundnuts amounted to 0.0 M $ US, down by 98.8% compared with 2019. The maximum value was recorded in 2019 at 0.0 M $ US, which also saw the largest increase of 314.3%.

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

Throughout 2017 to 2020, Thailand remained the main destination for imports in value terms, taking 76.3% of total flows, with the remaining share distributed across various smaller markets.

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

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