Prepared or preserved groundnuts market in Oceania

Earlier Report Observations

The market for prepared or preserved groundnuts in Oceania saw substantial growth in physical volume from 16.4 тыс. т in 2018 to a peak of 26 тыс. т in 2022, representing an increase of over 58% across four years. This expansion was followed by a contraction to 22.4 тыс. т in 2023. In value terms, the market followed a similar trajectory, rising from $41.5 million to $58.1 million in 2022 before easing to $56.3 million in 2023.

Domestic production more than doubled from 1.1 тыс. т to 2.2 тыс. т between 2018 and 2023, while imports, the primary supply source, grew from 18.7 тыс. т to 22.9 тыс. т over the same period, albeit with annual fluctuations. Exports gradually declined from 3.5 тыс. т to 2.8 тыс. т, indicating a greater focus on domestic and regional consumption.

In 2024, the market showed signs of recovery, with Australian exports jumping by 26% to reach 1.3 тыс. т. Consumer demand in the region, particularly in Australia, has been rising for peanut butter and prepared groundnuts, supporting market activity. Australia's imports are largely sourced from Argentina, the United States, and China, with Argentine supplies growing at an average annual rate of 22.6% from 2013 to 2024.

Production prepared or preserved groundnuts in Oceania

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

Production of prepared or preserved groundnuts in Oceania has grown for the third year in a row. In 2020, the region produced 1 238 tons, representing a 5.3% increase compared to the previous year. Looking at the period from 2017 to 2020, production rose by 13%, which translates to an average annual growth rate of 4.2%.

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

In value, 2017-2020, K $ US

The value of prepared or preserved groundnuts production in Oceania has increased for the second consecutive year. In 2020, output was valued at 4 726 thousand US dollars, up 8.1% from the year before. Between 2017 and 2020, production value grew by 25.1%, with a compound annual growth rate of 7.7%. The lowest value was recorded in 2018 at 3 594 thousand US dollars. The sharpest decline occurred in 2018, falling by 4.9%, while the largest increase was in 2019, with a jump of 21.7%.

Annual dynamics of production in Oceania in value, 2017-2020, K $ US

Exports prepared or preserved groundnuts from Oceania

Exports in kind, t

Exports of prepared or preserved groundnuts from Oceania have declined for the second year in a row. In 2020, exports totaled 3 076 tons, showing a significant decrease of 10.4% compared to the previous year. From 2017 to 2020, exports overall increased by 37.3%, averaging an annual growth rate of 11.2%. The peak was in 2018 at 3 487 tons, which also saw the largest increase of 55.7%.

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

Between 2017 and 2020, the export market for prepared or preserved groundnuts in Oceania was quite diverse. India accounted for 15.7% of exports in kind, South Korea for 13.7%, and Thailand for 10.4%. Together, these three countries made up 39.8% of total exports, while the remaining 60.2% was distributed among many other countries.

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

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

Exports in value, K $ US

After two years of growth, the value of prepared or preserved groundnuts exports from Oceania declined. In 2020, exports amounted to 11 741 thousand US dollars, reflecting a modest decrease of 8.0% compared to 2019. Over the 2017-2020 period, export value increased by 52%, with a compound annual growth rate of 15.0%. The highest value was recorded in 2019 at 12 760 thousand US dollars, and the largest increase occurred in 2018, rising by 44.3%.

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

The export market in value terms from 2017 to 2020 was highly dispersed. China represented 15.4% of exports in value terms, India 12.4%, and South Korea 10.2%. Combined, these three countries accounted for just 37.9% of total exports, with the remaining 62.1% spread across a wide range of other destinations.

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

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

Imports prepared or preserved groundnuts to Oceania

Imports in kind, t

In 2020, imports of prepared or preserved groundnuts into Oceania reached 21 462 tons, down 2.6% from the previous year. The lowest volume was in 2018 at 18 719 tons, while the peak was in 2019 at 22 042 tons. The largest decline occurred in 2018, falling by 13.6%, and the biggest increase was in 2019, rising by 17.8%.

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

From 2017 to 2020, Argentina, China, and the United States consistently dominated the import market in kind for prepared or preserved groundnuts in Oceania. Argentina accounted for 43.9% of imports in kind, China for 25.1%, and the United States for 8.0%. Together, these three countries represented 77.0% of total imports.

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

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

Imports in value, K $ US

After two years of decline, imports of prepared or preserved groundnuts into Oceania rebounded. In 2020, imports reached 54 448 thousand US dollars, marking a robust increase of 15.2% year-over-year. Between 2017 and 2020, import value grew by 8.4%, averaging an annual growth rate of 2.7%. The lowest value was in 2019 at 47 266 thousand US dollars, which also saw the largest decline of 3.6%.

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

Over the 2017-2020 period, Argentina, China, and the United States were the key markets for imports in value terms. Argentina represented 35.2% of imports in value terms, China 21.5%, and the United States 11.0%. Combined, these three countries accounted for 67.6% of total import flows.

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

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