Report Update Nov 1, 2024

Ireland - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Groundnuts Market 2024

Groundnuts Market Size in Ireland

The Irish groundnuts market soared to $X in 2022, with an increase of 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a prominent expansion. Groundnuts consumption peaked in 2022 and is likely to continue growth in years to come.

Groundnuts Exports

Exports from Ireland

In 2017, approx. X kg of ground-nut (in-shell) were exported from Ireland; picking up by 95% on the previous year's figure. Over the period under review, exports, however, faced a sharp decline. The pace of growth was the most pronounced in 2015 when exports increased by 139%. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

In value terms, groundnuts exports soared to $X in 2017. Overall, exports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 130% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Groundnuts Imports

Imports into Ireland

In 2022, approx. X tons of ground-nut (in-shell) were imported into Ireland; approximately equating 2021 figures. In general, imports saw a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 309%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, groundnuts imports stood at $X in 2022. Over the period under review, imports saw a perceptible expansion. The pace of growth was the most pronounced in 2020 when imports increased by 352%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest groundnuts supplier to Ireland, with a 65% share of total imports. Moreover, groundnuts imports from Argentina exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and the UK (+26.3% per year).

In value terms, the largest groundnuts suppliers to Ireland were Argentina ($X), China ($X) and the UK ($X), together comprising 85% of total imports. Egypt, the United States and Uganda lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Uganda, with a CAGR of +28.2%, recorded the highest rates of growth with regard to 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 average groundnuts import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price recorded a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts consumption in 2020 were China, India and Nigeria, with a combined 61% share of global consumption. Sudan, the United States, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts production in 2020 were China, India and Nigeria, together comprising 60% of global production. These countries were followed by the United States, Sudan, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad, which together accounted for a further 24%.

What are the leading suppliers of ground-nut (in-shell) to Ireland?

In value terms, the UK constituted the largest supplier of groundnuts to Ireland.

What are the leading importers of ground-nut (in-shell) from Ireland?

In value terms, the Netherlands $164) remains the key foreign market for groundnuts exports from Ireland.

What is the average export price for ground-nut (in-shell) in Ireland?

In 2019, the average groundnuts export price amounted to $1,533 per ton, which is down by -7.4% against the previous year.

What is the average import price for ground-nut (in-shell) in Ireland?

In 2020, the average groundnuts import price amounted to $4,994 per ton, rising by 7% against the previous year.

This report provides an in-depth analysis of the groundnuts market in Ireland. 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:

FCL 242 - Groundnuts, in shell

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023