Prepared or preserved groundnuts market in ASEAN

Earlier Report Observations

The market for prepared or preserved groundnuts in ASEAN saw a significant contraction from 2018 to 2021, with total volume falling from 107 thousand tons to 75 thousand tons. This decline was mirrored in production, which dropped by over 15 thousand tons during the same period.

A strong rebound occurred in 2022, lifting the market volume back to 107 thousand tons, though it eased slightly to 97 thousand tons in the following year. The value of the market followed a similar volatile pattern, reflecting shifts in both supply and regional trade flows.

By 2024, import volumes into the region rose to 30.7 thousand tons. Indonesia remained the dominant producer and consumer within ASEAN, while import and export prices both declined compared to the previous year.

Production prepared or preserved groundnuts in ASEAN

In kind, 2017-2020, t

Top producers of prepared or preserved groundnuts, 2017-2020

World map of production of prepared or preserved groundnuts, 2017-2020

After two consecutive years of growth, ASEAN's production of prepared or preserved groundnuts declined. In 2020, the region produced 68 276 tonnes, representing a 17.3% decrease from the previous year. Over the 2017-2020 period, production fell by 15.1%, with a compound annual growth rate of 5.3%. The peak production occurred in 2019 at 82 592 tonnes, while the largest annual increase was recorded in 2018 at 2.2%.

Annual dynamics of production in ASEAN in kind, 2017-2020, t

In value, 2017-2020, M $ US

ASEAN's production of prepared or preserved groundnuts declined for the third straight year. In 2020, the output was valued at 248.1 million US dollars, down 1.0% from the previous year. From 2017 to 2020, production decreased by 32.8%, with a compound annual growth rate of 12.4%.

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

Exports prepared or preserved groundnuts from ASEAN

Exports in kind, t

The data shows irregular fluctuations, indicating a volatile market environment. Import levels varied significantly, with a 2.1-fold difference between the low in 2019 and the high in 2020. In 2020, ASEAN's exports of prepared or preserved groundnuts reached 20 255 tonnes, marking a 108.6% increase from the previous year. The lowest volume was recorded in 2019 at 9 710 tonnes, with the largest decline that year at 31.7%.

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

From 2017 to 2020, the geographical structure of exports in kind was highly diversified. South Korea accounted for 16.3% of exports, the United States for 9.0%, and Russia for 6.9%, together making up only 32.2% of total flows. The remaining 67.8% was distributed among numerous smaller partner countries.

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

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

Exports in value, K $ US

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 and peaked in 2020, with a 2.5-fold gap between these years. In 2020, ASEAN's exports of prepared or preserved groundnuts totaled 73 616 thousand US dollars, reflecting a substantial year-over-year gain of 149.9%. The minimum value was recorded in 2019 at 29 462 thousand US dollars, with the largest decline that year at 46.3%.

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

Over the 2017-2020 period, exports in value terms of prepared or preserved groundnuts from ASEAN were characterized by a broad spread across markets. South Korea accounted for 10.4% of exports, the United States for 9.5%, and China for 8.5%, together representing only 28.4% of total flows.

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

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

Imports prepared or preserved groundnuts to ASEAN

Imports in kind, t

After a two-year decline, ASEAN's imports of prepared or preserved groundnuts from abroad increased. In 2020, imports stood at 28 833 tonnes, up 3.5% from 2019. Over the 2017-2020 period, imports decreased by 33.8%, with a compound annual growth rate of 12.9%. The lowest volume was recorded in 2019 at 27 871 tonnes, with the largest decline that year at 29.1%.

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

From 2017 to 2020, the structure of imports in kind was dominated by China, which absorbed 73.2% of total flows, alongside a large number of minor partners.

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

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

Imports in value, K $ US

After a two-year drop, ASEAN's imports of prepared or preserved groundnuts increased. In 2020, imports amounted to 81 742 thousand US dollars, which is 29.8% higher than in 2019. Between 2017 and 2020, imports decreased by 16.5%, equating to an annualized rate of 5.8%. The minimum value was recorded in 2019 at 62 964 thousand US dollars, with the largest decline that year at 28.8%.

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

Throughout 2017-2020, China, the United States, and Australia remained the key partners for imports in value terms. China accounted for 70.0% of imports, the United States for 8.9%, and Australia for 3.1%, together making up 82.0% of total flows.

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

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