Prepared or preserved groundnuts market in South-eastern Asia

Earlier Report Observations

The market for prepared or preserved groundnuts in South-eastern Asia contracted from 108 170 t in 2018 to 77 562 t in 2020, with the most pronounced drop occurring in 2020. A period of stabilization followed in 2021, with market volume at 75 214 t, before a surge of 42% to 106 657 t in 2022. This recovery aligned with a peak in global exports of peanut butter and prepared groundnuts in 2021, suggesting improved international trade flows supported the regional market expansion.

In 2023, the market receded to 97 231 t, coinciding with a decline in consumption in key Asian markets like China and Japan. For 2024, export and import prices in South-eastern Asia fell by 12.2% and 5.9% respectively, and Indonesia maintained its position as the leading consumer and producer in the region amidst a slight global consumption decrease.

Production prepared or preserved groundnuts in South-eastern Asia

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

Following two consecutive years of growth, the production of prepared or preserved groundnuts in South-eastern Asia experienced a decline. In 2020, the region produced 68 276 tonnes, representing a 17.3% decrease compared to the previous year. Looking at the period from 2017 to 2020, overall production fell by 15.1%, which translates to an average annual decline of 5.3%. The peak production was recorded in 2019 at 82 592 tonnes, while the largest year-on-year increase occurred in 2018 at 2.2%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, t

In value, 2017-2020, M $ US

After two years of decline, the value of prepared or preserved groundnuts production in South-eastern Asia showed an uptick. In 2020, the output was valued at 255.8 million US dollars, marking a 1.9% increase from the previous year. However, over the broader period from 2017 to 2020, production value decreased by 30.8%, averaging an 11.5% annual decline. The lowest value was recorded in 2019 at 251.1 million US dollars, which also saw the steepest drop of 25.6%.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, M $ US

Exports prepared or preserved groundnuts from South-eastern Asia

Exports in kind, t

The market for prepared or preserved groundnuts exports from South-eastern Asia displayed significant volatility during this period. The lowest export volume was recorded in 2019 at 9 690 tonnes, while the highest was reached in 2020 at 19 648 tonnes, representing a doubling of volume. In 2020, exports surged by 102.8% compared to the previous year. The largest decline occurred in 2019, with a drop of 27.4%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, South-eastern Asia's exports of prepared or preserved groundnuts were distributed across a wide range of buyers. The top three destinations—South Korea (16.3% of exports in kind), the United States (9.0%), and Russia (6.9%)—collectively accounted for 32.2% of total exports. Numerous other countries held smaller but still notable shares, reflecting a diversified export portfolio.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Export values for prepared or preserved groundnuts from South-eastern Asia showed an unstable trend over these years. The minimum value was recorded in 2019 at 29 462 thousand US dollars, while the peak was reached in 2020 at 73 616 thousand US dollars, marking a 2.5-fold increase. In 2020, export value jumped sharply by 149.9% compared to 2019. The most significant decline occurred in 2019, with a 46.3% drop.

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

During the 2017–2020 period, the value-based export structure for prepared or preserved groundnuts from South-eastern Asia was characterized by a broad buyer base. The leading destinations—South Korea (10.4% of exports in value terms), the United States (9.5%), and China (8.5%)—together contributed 28.4% of total export value. Many other countries held smaller yet meaningful shares, indicating a well-diversified market.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports prepared or preserved groundnuts to South-eastern Asia

Imports in kind, t

After two years of decrease, imports of prepared or preserved groundnuts into South-eastern Asia rose. In 2020, the region imported 28 935 tonnes, showing a modest 3.8% increase from the previous year. However, over the full period from 2017 to 2020, imports declined by 33.6%, averaging a 12.8% annual decrease. The lowest import volume was in 2019 at 27 876 tonnes, which also experienced the largest decline of 29.1%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, China dominated imports of prepared or preserved groundnuts into South-eastern Asia in volume terms, accounting for 73.1% of total flows. Other markets collectively made up the remaining share.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

Following a two-year drop, the value of prepared or preserved groundnuts imports into South-eastern Asia increased. In 2020, import value reached 82 050 thousand US dollars, surging by 30.3% compared to the prior year. Despite this, over the 2017–2020 period, import value fell by 16.2%, equating to an average annual decline of 5.7%. The minimum value was recorded in 2019 at 62 973 thousand US dollars, which also saw the steepest decrease of 28.9%.

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

In the 2017–2020 period, China was the primary source for imports of prepared or preserved groundnuts into South-eastern Asia in value terms, holding a 69.9% share. The United States (8.9%) and Australia (3.1%) followed, with these three countries together accounting for 81.9% of total import value, solidifying their position as key suppliers.

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

World map of product's imports to South-eastern Asia in value, 2017-2020