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China - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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China: Peanut Butter Market Overview 2021

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Peanut Butter Market Size in China

In 2020, the Chinese peanut butter market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Peanut butter consumption peaked in 2020 and is likely to see gradual growth in the near future.

Peanut Butter Production in China

In value terms, peanut butter production rose rapidly to $X in 2020 estimated in export prices. In general, the total production indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Peanut Butter Exports

Exports from China

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, peanut butter exports fell to $X in 2020. In general, total exports indicated a measured increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Japan (X tonnes), South Korea (X tonnes) and Indonesia (X tonnes) were the main destinations of peanut butter exports from China, with a combined X% share of total exports. The Philippines, the Netherlands, Malaysia, Thailand, Spain, the United Arab Emirates, the UK, Canada, Iraq and Iran lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Iraq, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for peanut butter exports from China, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2020, surging by X% against the previous year. In general, export price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Malaysia ($X per tonne) and Japan ($X per tonne), while the average price for exports to South Korea ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into China

In 2020, overseas purchases of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, peanut butter imports fell to $X in 2020. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Thailand (X tonnes), the U.S. (X tonnes) and Viet Nam (X tonnes) were the main suppliers of peanut butter imports to China, with a combined X% share of total imports. New Zealand, Japan and Argentina lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in New Zealand (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the U.S. ($X) and New Zealand ($X) appeared to be the largest peanut butter suppliers to China, together accounting for X% of total imports.

Among the main suppliers, New Zealand (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peanut butter import price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, import price indicated a buoyant increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, peanut butter import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
The country with the largest volume of peanut butter consumption was China (974K tonnes), comprising approx. 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. The third position in this ranking was occupied by India (350K tonnes), with a 6.8% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
The country with the largest volume of peanut butter production was China (1.2M tonnes), comprising approx. 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. The third position in this ranking was occupied by India (397K tonnes), with a 7.6% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to China?
+
In value terms, Thailand ($3M), the U.S. ($2.7M) and New Zealand ($2.6M) constituted the largest peanut butter suppliers to China, with a combined 77% share of total imports.
What are the leading importers of peanut butter and prepared or preserved groundnuts from China?
+
In value terms, Japan ($120M) remains the key foreign market for peanut butter exports from China, comprising 21% of total exports. The second position in the ranking was occupied by South Korea ($55M), with a 9.6% share of total exports. It was followed by Indonesia, with a 9.5% share.
What is the average export price for peanut butter and prepared or preserved groundnuts in China?
+
In 2020, the average peanut butter export price amounted to $2,124 per tonne, surging by 13% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in China?
+
The average peanut butter import price stood at $4,940 per tonne in 2020, growing by 14% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter market in China. 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.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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