Not roasted and not cooked groundnuts market in the United States

Earlier Report Observations

The market for not roasted and not cooked groundnuts in the United States showed mixed movements between 2018 and 2021. After starting at 2 097 thousand tons valued at $2 381 million in 2018, volume dipped slightly to 2 054 thousand tons ($2 249 million) in 2019. It then recovered to 2 194 thousand tons in 2020, though value fell to $2 082 million, before jumping significantly to 2 452 thousand tons and $2 741 million in 2021.

In 2022, market volume contracted to 2 099 thousand tons, while value eased to $2 600 million. The following year, both indicators expanded again, reaching 2 184 thousand tons and $2 923 million in 2023. This recovery was supported by sustained consumer demand for healthy, plant-based snacks and the continued trend toward clean-label and organic products, which encouraged product innovation and investment in processing automation.

Production not roasted and not cooked groundnuts in the United States

In kind, 2017-2020, K t

From 2017 to 2020, the United States ranked fourth 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

Following a two-year decline, the United States saw an increase in its production volume of not roasted and not cooked groundnuts. In 2020, production reached 2 793 K t, marking a significant gain of 12.7% compared to 2019. Over the 2017-2020 period, overall production decreased by 13.5%, with a compound annual growth rate of 4.7%. The lowest production level was recorded in 2019 at 2 480 K t, while the largest decline occurred in 2018 with a drop of 22.8%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The United States experienced a third consecutive year of decline in the production value of not roasted and not cooked groundnuts. In 2020, the output was valued at 2 640 M $ US, down by 2.5% from the previous year. Between 2017 and 2020, production value fell by 28.5%, equating to an annualized rate of 10.6%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports not roasted and not cooked groundnuts from the United States

Exports in kind, K t

Foreign supplies of not roasted and not cooked groundnuts from the United States increased for the third year in a row. In 2020, exports amounted to 608.9 K t, showing a sharp rise of 40.1% compared to the year before. From 2017 to 2020, exports grew by 55.8%, with an annualized rate of 15.9%.

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

Between 2017 and 2020, China, Mexico, and Canada were the principal buyers of not roasted and not cooked groundnuts from the United States, accounting for 27.8%, 22.4%, and 21.0% of exports in kind, respectively. Together, they made up 71.1% of total exports in kind.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, M $ US

Exported volumes of not roasted and not cooked groundnuts from the United States increased for the third consecutive year. In 2020, exports reached 575.4 M $ US, representing a rise of 21.2% over the previous year. Over the 2017-2020 period, exports grew by 28.7%, with a compound annual growth rate of 8.8%.

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

From 2017 to 2020, Canada, Mexico, and China continued to be the main buyers of not roasted and not cooked groundnuts from the United States in value terms, with shares of 23.5%, 23.2%, and 19.9% of exports, respectively. Collectively, they accounted for 66.6% of total exports in value terms.

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

World map of product's exports from the United States in value, 2017-2020

Imports not roasted and not cooked groundnuts to the United States

Imports in kind, K t

The market displayed volatility during the observed period. Import volumes reached their lowest point in 2018 and peaked in 2020, with a 2.1-fold difference between these years. In 2020, the United States imported 9.6 K t of not roasted and not cooked groundnuts, up by 9.3% from the previous year. The minimum volume was recorded in 2018 at 4.5 K t, with the largest decline of 24.2% also occurring that year. The largest increase was seen in 2019, with a jump of 93.2%.

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

Over the 2017-2020 period, Nicaragua, Mexico, and Argentina consistently held leading positions in the import structure in kind, with shares of 53.7%, 18.6%, and 12.6%, respectively. Together, they accounted for 84.9% of total import flows.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, M $ US

The market showed an unstable trend throughout the timeframe. Import levels fluctuated, with a 2.6-fold difference between the low in 2018 and the high in 2020. In 2020, imports of not roasted and not cooked groundnuts into the United States reached 18.0 M $ US, increasing by 20.2% compared to the previous year. The minimum value was recorded in 2018 at 6.8 M $ US, with the largest decline of 47.8% also in that year. The largest increase occurred in 2019, with a surge of 119.0%.

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

From 2017 to 2020, Nicaragua, Mexico, and Argentina led the import structure in value terms, with shares of 50.0%, 25.0%, and 14.2%, respectively. Together, they represented 89.2% of total import flows.

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

World map of product's imports to the United States in value, 2017-2020