Prepared or preserved groundnuts market in Australia and New Zealand

Earlier Report Observations

The market for prepared or preserved groundnuts in Australia and New Zealand grew substantially in volume from 12 629 tons in 2018 to 21 688 tons in 2022, before receding to 17 711 tons in 2023. This expansion was supported by a consistent rise in import volumes and a more than doubling of domestic production over the period.

In 2020, the COVID-19 pandemic disrupted global transportation and raw material production, impacting the availability and distribution of peanut products. Despite these supply chain constraints, the market's physical volume continued to increase, indicating resilient demand or shifts in trade patterns.

In value terms, the market displayed greater volatility, reaching 48.4 million US dollars in 2022. The sharp value increase in 2020, alongside rising volume, points to changes in average prices or the composition of goods traded during the pandemic and subsequent years.

Production prepared or preserved groundnuts in Australia and New Zealand

In kind, 2018-2021, t

Top producers of prepared or preserved groundnuts, 2018-2021

World map of production of prepared or preserved groundnuts, 2018-2021

Australia and New Zealand have seen their production of prepared or preserved groundnuts grow for the third year in a row. In 2021, output reached 1 378 tonnes, marking an 11.3% increase compared to 2020. Looking at the period from 2018 to 2021, production rose by 22.6%, which translates to an average annual growth rate of 7.0%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

In value, 2018-2021, K $ US

The value of prepared or preserved groundnuts production in Australia and New Zealand has increased for the third consecutive year. In 2021, production was valued at 6 428 thousand US dollars, up by 37.5% from 2020. Over the 2018-2021 period, production value grew by 78.5%, with an average annual rate of 21.3%.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, K $ US

Exports prepared or preserved groundnuts from Australia and New Zealand

Exports in kind, t

In 2021, exports of prepared or preserved groundnuts from Australia and New Zealand amounted to 3 258 tonnes, showing a moderate increase of 6.4% over the previous year. Between 2018 and 2021, exports decreased by 5.2%, averaging an annual decline of 1.8%. The lowest export volume was recorded in 2020 at 3 064 tonnes, while the peak occurred in 2019 with 3 545 tonnes. The most significant drop was in 2020, when exports fell by 13.6%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, exports in volume terms were relatively dispersed across various countries. India accounted for 16.3% of exports, South Korea for 11.8%, and Thailand for 10.4%. Together, these three partners made up just 38.5% of total exports, with no single country emerging as clearly dominant.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

In 2021, the value of prepared or preserved groundnuts exports from Australia and New Zealand reached 15 199 thousand US dollars, representing a sharp increase of 31.3% compared to 2020. Over the 2018-2021 period, export value grew by 38.1%, with an average annual rate of 11.3%. The largest decline occurred in 2020, when exports dropped by 8.6%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

Between 2018 and 2021, exports in value terms were not heavily concentrated on a few key markets. China accounted for 17.6% of export value, India for 12.0%, and Thailand for 9.6%. Combined, these three countries represented only 39.2% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports prepared or preserved groundnuts to Australia and New Zealand

Imports in kind, t

Imports of prepared or preserved groundnuts into Australia and New Zealand have risen for the third consecutive year. In 2021, import volume stood at 19 670 tonnes, reflecting a moderate gain of 3.2% over 2020. From 2018 to 2021, imports increased by 31.6%, averaging an annual growth rate of 9.6%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

Throughout the 2018-2021 period, Argentina, China, and the United States were the key sources for imports in volume terms. Argentina accounted for 53.9% of imports, China for 16.6%, and the United States for 7.5%. Together, these three countries accounted for 78.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

The value of prepared or preserved groundnuts imports into Australia and New Zealand has increased for the third year in a row. In 2021, imports were valued at approximately 47 167 thousand US dollars, up by 1.3% from 2020. Over the 2018-2021 period, import value grew by 22.1%, with a compound annual growth rate of 6.9%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Argentina, China, and the United States consistently remained the main sources for imports in value terms. Argentina accounted for 43.9% of import value, China for 14.6%, and the United States for 9.4%. Together, these three countries made up 67.9% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021