Asia: Groundnuts Market 2024

Groundnuts Market Size in Asia

The Asian groundnuts market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Groundnuts Production in Asia

In value terms, groundnuts production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Myanmar (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average groundnuts yield expanded to X tons per ha in 2022, increasing by X% compared with the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the groundnuts yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The groundnuts harvested area fell to X ha in 2022, which is down by X% compared with the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Groundnuts Exports

Exports in Asia

In 2022, overseas shipments of ground-nut (in-shell) decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports declined to $X in 2022. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) and China (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Israel (X tons), Uzbekistan (X tons), Lao People's Democratic Republic (X tons), Myanmar (X tons) and Turkey (X tons), together mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest groundnuts supplying countries in Asia were China ($X), Israel ($X) and India ($X), together accounting for X% of total exports. Uzbekistan, Turkey, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Groundnuts Imports

Imports in Asia

In 2022, approx. X tons of ground-nut (in-shell) were imported in Asia; which is down by X% against the previous year. In general, imports recorded a mild setback. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports shrank significantly to $X in 2022. Overall, imports saw a slight slump. The pace of growth was the most pronounced in 2020 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. Thailand (X tons) held the second position in the ranking, followed by Malaysia (X tons). All these countries together took near X% share of total imports. The following importers - Nepal (X tons), Afghanistan (X tons), Hong Kong SAR (X tons), Saudi Arabia (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the ground-nut (in-shell) imports, with a CAGR of X% from 2012 to 2022. At the same time, Afghanistan (X%), Nepal (X%), Hong Kong SAR (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Afghanistan, Nepal and Malaysia increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ground-nut (in-shell) in Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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