Eastern Asia: Groundnuts Market 2024

Groundnuts Market Size in Eastern Asia

The East Asian groundnuts market was estimated at $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Groundnuts Production in Eastern Asia

In value terms, groundnuts production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

China (X tons) constituted the country with the largest volume of groundnuts production, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest.

In 2022, the average yield of ground-nut (in-shell) in Eastern Asia reached X tons per ha, remaining relatively unchanged against 2021. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Eastern Asia; standing approx. at 2021. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then dropped slightly in the following year.

Groundnuts Exports

Exports in Eastern Asia

In 2022, shipments abroad of ground-nut (in-shell) decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports declined to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of ground-nut (in-shell) in Eastern Asia, comprising X% of total export.

China was also the fastest-growing in terms of the ground-nut (in-shell) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest groundnuts supplier in Eastern Asia.

In China, groundnuts exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Groundnuts Imports

Imports in Eastern Asia

In 2022, groundnuts imports in Eastern Asia dropped sharply to X tons, which is down by X% on 2021. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports reduced rapidly to $X in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China dominates imports structure, recording X tons, which was near X% of total imports in 2022. The following importers - Hong Kong SAR (X tons) and Japan (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, Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In China, groundnuts imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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 Japan ($X per ton), while China ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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