South-Eastern Asia: Groundnuts Market 2024

Groundnuts Market Size in South-Eastern Asia

The Southeast Asian groundnuts market reduced modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in South-Eastern Asia

In value terms, groundnuts production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of groundnuts production was Myanmar (X tons), comprising approx. X% of total volume. Moreover, groundnuts production in Myanmar exceeded the figures recorded by the second-largest producer, Indonesia (X tons), twofold. Vietnam (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (X% per year) and Vietnam (X% per year).

The average groundnuts yield contracted modestly to X tons per ha in 2022, approximately mirroring the previous year's figure. Overall, the yield recorded a slight reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the groundnuts yield remained at a somewhat lower figure. 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 South-Eastern Asia; remaining constant against 2021 figures. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to groundnuts production reached the peak figure at X ha in 2012; afterwards, it flattened through to 2022.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Groundnuts Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of ground-nut (in-shell) decreased by X% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports declined significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Lao People's Democratic Republic (X tons), Myanmar (X tons), Vietnam (X tons) and Indonesia (X tons), together finishing at X% of total export. It was distantly followed by Thailand (X tons), creating a X% share of total exports. Cambodia (X tons) held a minor 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 Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest groundnuts supplying countries in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Myanmar ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Groundnuts Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of ground-nut (in-shell) were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, groundnuts imports expanded markedly to $X in 2022. Overall, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons) and Malaysia (X tons) prevails in imports structure, together making up X% of total imports. It was distantly followed by Indonesia (X tons), committing a X% share of total imports. Vietnam (X tons) and Singapore (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :