Brazil: Groundnuts Market 2025

Groundnuts Market Size in Brazil

After two years of growth, the Brazilian groundnuts market decreased by -3.3% to $X in 2022. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then contracted slightly in the following year.

Groundnuts Production in Brazil

In value terms, groundnuts production rose markedly to $X in 2022 estimated in export price. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 63%. Groundnuts production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average groundnuts yield in Brazil contracted slightly to X tons per ha, with a decrease of -3% compared with 2021. The yield figure increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 20%. The groundnuts yield peaked at X tons per ha in 2021, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the groundnuts harvested area in Brazil contracted to X ha, waning by -6.1% compared with the previous year's figure. Overall, the total harvested area indicated a prominent expansion from 2012 to 2022: its figure increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts harvested area increased by +26.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 18% against the previous year. Over the period under review, the harvested area dedicated to groundnuts production reached the maximum at X ha in 2021, and then dropped in the following year.

Groundnuts Exports

Exports from Brazil

In 2022, approx. X tons of ground-nut (in-shell) were exported from Brazil; growing by 108% on 2021 figures. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 2,716% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, groundnuts exports surged to $X in 2022. Over the period under review, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2015 with an increase of 2,161%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for groundnuts exports from Brazil, accounting for a 97% share of total exports. It was followed by Angola (X tons), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at +54.7%.

In value terms, Uruguay ($X) remains the key foreign market for ground-nut (in-shell) exports from Brazil, comprising 90% of total exports. The second position in the ranking was taken by Angola ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay stood at +65.5%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, waning by -6.3% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 35%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Uruguay totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Groundnuts Imports

Imports into Brazil

In 2021, supplies from abroad of ground-nut (in-shell) decreased by 0% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 285% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, groundnuts imports stood at $X in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 182%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of groundnuts to Brazil, with a 98% share of total imports. It was followed by China (X kg), with a 1.7% share of total imports.

From 2014 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ground-nut (in-shell) to Brazil, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 3% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.8%).

Source: IndexBox Platform

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