Eastern Asia: Groundnuts Market 2025

Groundnuts Market Size in Eastern Asia

The East Asian groundnuts market reached $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a slight downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Groundnuts Production in Eastern Asia

In value terms, groundnuts production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 14%. The level of production peaked 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, accounting for 100% of total volume.

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

The average groundnuts yield totaled X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by 3.4% against the previous year. 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, the harvested area of ground-nut (in-shell) in Eastern Asia reduced modestly to X ha, approximately mirroring 2021 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 3.6% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank slightly in the following year.

Groundnuts Exports

Exports in Eastern Asia

In 2022, shipments abroad of ground-nut (in-shell) decreased by -19.1% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, groundnuts exports reduced markedly to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 8.9%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) represented roughly 100% of total exports in 2022.

China was also the fastest-growing in terms of the ground-nut (in-shell) exports, with a CAGR of -10.1% 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 declined by an average annual rate of -10.9% 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 4.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 14%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 -0.9% per year.

Groundnuts Imports

Imports in Eastern Asia

In 2022, approx. X tons of ground-nut (in-shell) were imported in Eastern Asia; declining by -50.5% on 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,492%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, groundnuts imports reduced rapidly to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,272% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China dominates imports structure, recording X tons, which was near 95% of total imports in 2022. Hong Kong SAR (X tons) and Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the ground-nut (in-shell) imports, with a CAGR of +34.7% from 2012 to 2022. At the same time, Japan (+5.2%) and Hong Kong SAR (+2.4%) displayed positive paces of growth. China (+37 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -9.8% and -23.8% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported ground-nut (in-shell) in Eastern Asia, comprising 92% of total imports. The second position in the ranking was taken by Japan ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +37.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.7% per year) and Hong Kong SAR (+7.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 9.6% against the previous year. Overall, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by 113%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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