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China - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Oct 1, 2023

China's Peanut Butter Price Sees 2% Increase, Reaches $2,236 per Ton

China Peanut Butter Export Price in June 2023

In June 2023, the peanut butter price stood at $2,236 per ton (FOB, China), picking up by 1.6% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 2.2% month-to-month. Over the period under review, the average export prices hit record highs in June 2023.

Average prices varied noticeably for the major external markets. In June 2023, the countries with the highest prices were Japan ($2,350 per ton) and the Netherlands ($2,342 per ton), while the average price for exports to Indonesia ($1,977 per ton) and Iran ($2,000 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

China Peanut Butter Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Peanut Butter in China (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Japan2,2912,2652,3002,2422,2302,2572,2602,2512,3132,2732,3162,3222,350
Netherlands2,2642,2952,2601,9461,9642,1082,2262,2522,1642,2562,2232,3192,342
South Korea1,8801,8711,9151,9381,9621,9382,0051,9441,9892,0692,0602,0552,123
Philippines1,9832,0592,1152,1982,0512,0212,0532,0822,1502,0642,0712,0942,105
Thailand1,9371,9451,9311,9602,0181,9471,9291,9492,0992,0352,0522,0132,034
Iran2,0801,7561,7251,9001,705N/A1,7841,8521,9201,9681,9071,8772,000
Indonesia2,0542,0682,0712,0092,0271,9702,1192,0002,0461,9732,0102,0821,977
Average2,1582,0922,1182,1142,0422,0632,1042,0932,1212,1552,2032,2012,236

China Peanut Butter Exports

In June 2023, overseas shipments of peanut butter and prepared or preserved groundnuts were finally on the rise to reach 21K tons after four months of decline. Over the period under review, total exports indicated a modest expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -26.5% against January 2023 indices. The most prominent rate of growth was recorded in October 2022 with an increase of 47% m-o-m.

In value terms, peanut butter exports expanded sharply to $47M (IndexBox estimates) in June 2023. In general, total exports indicated a slight expansion from June 2022 to June 2023: its value increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -21.8% against December 2022 indices. The pace of growth appeared the most rapid in October 2022 when exports increased by 42% m-o-m.

China Peanut Butter Exports by Country

Japan (3.6K tons), South Korea (2.4K tons) and Indonesia (2.1K tons) were the main destinations of peanut butter exports from China, together comprising 39% of total exports. The Philippines, the Netherlands, Thailand, Malaysia, Mexico, Kazakhstan, Iraq, the UK, the United Arab Emirates and Canada lagged somewhat behind, together comprising a further 37%.

From June 2022 to June 2023, the biggest increases were in Iraq (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($8.4M), South Korea ($5.1M) and the Philippines ($4.3M) were the largest markets for peanut butter exported from China worldwide, with a combined 38% share of total exports. Indonesia, the Netherlands, Malaysia, Thailand, Mexico, Kazakhstan, Iraq, Canada, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Iraq, with a CAGR of +13.1%, 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.

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

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

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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