
U.S. - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
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American Peanut Exports Jumped Due to Unprecedented Demand from China
IndexBox has just published a new report: 'U.S. - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2020, in-shell groundnut exports from the U.S. rose twofold in value terms and threefold in terms of volume thanks to explosive demand from China. The total volume of exports reached $243M or 312K tonnes. China remains the key destination for groundnut supplies from the U.S., accounting for 85% of the total figure. At the same time, shipments from the U.S. constitute 97% of the Chinese peanut imports.
U.S. Peanut Exports
In 2020, overseas shipments of in-shell groundnuts increased by 209% to 312K tonnes, rising for the second year in a row. In value terms, groundnuts exports skyrocketed to $243M (IndexBox estimates) in 2020. Hereinafter in the article, all figures refer to in-shell groundnuts.
China (267K tonnes) was the main destination for in-shell groundnuts exports from the U.S., accounting for an 85% share of total exports. It was followed by Germany (8.1K tonnes), with a 2.6% share of total exports. The Netherlands (6.8K tonnes) ranked third in exports, with a 2.2% share.
In value terms, China ($189M) remains the key foreign market for in-shell groundnuts exports from the U.S., comprising 78% of total exports. The second position in the ranking was occupied by Germany ($9.3M), with a 3.8% share of total exports. It was followed by Canada, with a 3.5% share.
In 2020, 97% of groundnuts imported to China came from the U.S. The rest 3% of imports were supplied from Vietnam.
In 2020, the average groundnuts export price amounted to $780 per tonne, with a decrease of -21.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($1,331 per tonne), while the average price for exports to China ($707 per tonne) was amongst the lowest.
Source: IndexBox Platform
This report provides an in-depth analysis of the groundnuts market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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