Prepared or preserved groundnuts market in Northern America

Earlier Report Observations

The market volume for prepared or preserved groundnuts in Northern America increased from 44.7 thousand tons in 2018 to 64.1 thousand tons in 2021, reflecting strong growth in both production and net imports. However, this expansion reversed over the next two years, with the market contracting to 60.1 thousand tons in 2022 and further to 46.8 thousand tons in 2023. In value terms, the market followed a similar path, rising from $194.7 million in 2018 to $263.8 million in 2021 before declining to $221.4 million in 2023.

Domestic production mirrored this pattern, peaking at 84.9 thousand tons in 2021 before falling sharply to 63.5 thousand tons in 2023. Import volumes fluctuated between 4.8 and 6.4 thousand tons from 2018 to 2023, while exports grew until 2020, then eased. In 2024, import supplies of prepared or preserved groundnuts rose to 6.9 thousand tons, and exports decreased to 21.8 thousand tons, continuing the recent trend of recovering imports and moderating outbound shipments.

Production prepared or preserved groundnuts in Northern America

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

Northern America's production of prepared or preserved groundnuts has grown for the second year in a row. In 2020, the region produced 83 036 tonnes, marking a 10.9% increase compared to the previous year. Looking at the period from 2017 to 2020, production rose by 23.3%, which translates to an average annual growth rate of 7.2%. The lowest production volume was recorded in 2018 at 64 138 tonnes. That same year saw the largest decline of 4.8%, while 2019 experienced the biggest increase at 16.7%.

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

In value, 2017-2020, M $ US

Northern America's production of prepared or preserved groundnuts has increased in value for the second consecutive year. In 2020, the output was valued at 238.6 million US dollars, up 13.5% year-over-year. From 2017 to 2020, production value grew by 25.2%, averaging 7.8% per year. The lowest value was recorded in 2018 at 185.1 million US dollars. The largest decrease occurred in 2018 with a 2.9% drop, while 2019 saw the highest increase at 13.6%.

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

Exports prepared or preserved groundnuts from Northern America

Exports in kind, K t

Northern America's exports of prepared or preserved groundnuts have risen for the second year in a row. In 2020, the region exported 28.1 thousand tonnes, showing a moderate 6.2% gain compared to the previous year. Over the 2017-2020 period, exports increased by 13.8%, with a compound annual growth rate of 4.4%. The lowest export volume was in 2018 at 24.4 thousand tonnes. The largest decline was recorded in 2018 at 1.1%, while 2019 saw the biggest increase of 8.3%.

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

From 2017 to 2020, Saudi Arabia, Germany, and Chile were the top destinations for Northern America's exports of prepared or preserved groundnuts in volume terms. Saudi Arabia accounted for 17.5% of exports, Germany for 1.9%, and Chile for 0.9%. Together, these three countries represented 20.4% of total export flows.

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

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

Exports in value, K $ US

Northern America's exports of prepared or preserved groundnuts have grown in value for the third consecutive year. In 2020, exports totaled 80 693 thousand US dollars, an 8.7% increase year-over-year. Between 2017 and 2020, export value rose by 15.5%, with a compound annual growth rate of 4.9%.

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

Between 2017 and 2020, Saudi Arabia, Germany, and Spain led as the top buyers of prepared or preserved groundnuts from Northern America in value terms. Saudi Arabia accounted for 14.5% of exports, Germany for 1.6%, and Spain for 0.7%. Their combined share reached 16.8% of total export value.

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

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

Imports prepared or preserved groundnuts to Northern America

Imports in kind, K t

The import market for prepared or preserved groundnuts in Northern America showed volatility during the observed period. Import volumes reached their lowest point in 2019 and peaked in 2017, with a 30-fold difference between these years. In 2020, Northern America imported approximately 6.4 thousand tonnes, a 32.7% increase compared to the previous year. The minimum volume was recorded in 2019 at 4.8 thousand tonnes. The largest decline occurred in 2018 with a 96.6% drop.

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

The import market for prepared or preserved groundnuts in Northern America was highly diversified from 2017 to 2020. China, Argentina, and Brazil were the top suppliers in volume terms, accounting for 7.7%, 1.5%, and 1.2% of imports, respectively. Together, they made up just 10.4% of total flows, with the remaining 89.6% shared among numerous other countries.

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

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

Imports in value, K $ US

In 2020, Northern America's imports of prepared or preserved groundnuts were valued at 83 296 thousand US dollars, a 9.1% increase compared to the previous year. Over the 2017-2020 period, import value grew by 6.4%, with a compound annual growth rate of 2.1%. The lowest value was recorded in 2019 at 76 332 thousand US dollars. The largest decline occurred in 2019 with a 4.6% decrease.

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

The import market for prepared or preserved groundnuts in Northern America was widely dispersed in value terms from 2017 to 2020. China, Argentina, and India were the leading suppliers, accounting for 6.0%, 2.6%, and 1.4% of imports, respectively. Together, they formed just 10.0% of total flows, with the remaining 90.0% split among a broad range of other destinations.

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

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