Not roasted and not cooked groundnuts market in South America

Earlier Report Observations

The market volume for not roasted and not cooked groundnuts in South America showed significant fluctuations between 2018 and 2023. It expanded from 1 246 thousand tons in 2018 to 1 464 thousand tons in 2019. A sharp contraction to 1 109 thousand tons followed in 2020, which coincided with a surge in regional exports. This increase in exports was supported by competitive pricing and the utilization of available export quotas in key producing countries like Argentina, redirecting supply away from the domestic market.

After the 2020 drop, the market volume recovered to 1 339 thousand tons in 2021 and saw modest growth to 1 376 thousand tons in 2022 as export volumes moderated. However, production declined in 2023, leading to a market volume of 1 089 thousand tons. During this period, major producing countries like Brazil focused on long-term expansion, with reported increases in planted area and technological investments aimed at boosting future output through practices like crop rotation with sugarcane.

Factors continuing to shape the sector include regulatory updates, such as modifications to the Argentine Food Code affecting groundnuts and their derivatives. In Brazil, the market is driven by strong external demand, public support policies, and technological modernization. Global events, including the war in Ukraine, have also impacted export flows to important destinations like Eastern Europe.

Production not roasted and not cooked groundnuts in South America

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

South America's production of not roasted and not cooked groundnuts has increased for the second consecutive year. In 2020, the region produced 2 009 K t, marking a 0.8% rise compared to 2019. Looking at the period from 2017 to 2020, production grew by 21.3%, which translates to an annualized rate of 6.7%. The lowest production level was recorded in 2018 at 1 557 K t, with the largest decline that year of 5.9%. In contrast, the most significant increase occurred in 2019, with a jump of 27.9%.

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

In value, 2017-2020, M $ US

The value of not roasted and not cooked groundnuts production in South America has also risen for the second year in a row. In 2020, the output was valued at 2 558 M $ US, reflecting a modest increase of 6.8% from the previous year. From 2017 to 2020, production value increased by 14.8%, equivalent to an annualized growth rate of 4.7%. The lowest value was in 2018 at 1 850 M $ US, which saw the largest decline of 17.0%. The biggest increase was in 2019, with a surge of 29.5%.

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

Exports not roasted and not cooked groundnuts from South America

Exports in kind, K t

Cross-border shipments of not roasted and not cooked groundnuts from South America have increased for the third consecutive year. In 2020, the region exported 937.8 K t, up by 66.2% compared to 2019. Over the 2017-2020 period, exports grew by 178.2%, with a compound annual growth rate (CAGR) of 40.6%.

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

From 2017 to 2020, the Netherlands, Russia, and Algeria were the key destinations for exports in kind. The Netherlands accounted for 31.7% of exports, Russia for 17.0%, and Algeria for 7.2%. Together, these three countries represented 55.9% of total export flows.

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

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

Exports in value, M $ US

The data shows irregular changes, indicating a volatile market environment. Export volumes varied significantly, with a threefold difference between the low in 2018 and the high in 2020. In 2020, shipments from South America were valued at 1 194 M $ US, a substantial increase of 76.1% from the previous year. The minimum value was recorded in 2018 at 402 M $ US, which also saw the largest decline of 11.3%.

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

Between 2017 and 2020, the Netherlands, Russia, and Algeria were the main destinations for exports in value terms. The Netherlands held 33.3% of exports, Russia 16.0%, and Algeria 6.9%. Collectively, these three countries absorbed 56.2% of total export value for not roasted and not cooked groundnuts from South America.

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

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

Imports not roasted and not cooked groundnuts to South America

Imports in kind, K t

Imports of not roasted and not cooked groundnuts into South America have increased for the second consecutive year. In 2020, imports reached 37.6 K t, up by 5.7% from 2019. However, over the 2017-2020 period, imports decreased by 11.7%, with a CAGR of -4.0%. The lowest import volume was in 2018 at 27.0 K t, which experienced the largest decline of 36.7%. The most significant increase occurred in 2019, with a rise of 32.1%.

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

From 2017 to 2020, the United States, Nicaragua, and China were the leading sources for imports in kind. The United States accounted for 11.0% of imports, Nicaragua for 7.6%, and China for 1.9%. Together, these three countries represented 20.5% of total import flows.

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

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

Imports in value, M $ US

South America imported approximately 67 M $ US of not roasted and not cooked groundnuts in 2020, showing a moderate increase of 6.7% year-over-year. Between 2017 and 2020, imports increased by 10.2%, equating to an annualized rate of 3.3%. The largest decline was recorded in 2019 at 2.2%.

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

In the 2017-2020 period, the United States, Nicaragua, and China were the principal suppliers of not roasted and not cooked groundnuts to South America in value terms. The United States held 13.1% of imports, Nicaragua 8.4%, and China 1.7%. Jointly, these three countries accounted for 23.2% of total import value.

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

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