Ukraine: Groundnuts Market 2025

Groundnuts Market Size in Ukraine

The Ukrainian groundnuts market shrank rapidly to $X in 2022, dropping by -23.5% 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). Overall, consumption showed a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Groundnuts Exports

Exports from Ukraine

After five years of growth, shipments abroad of ground-nut (in-shell) decreased by -24% to X kg in 2022. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 when exports increased by 388%. The exports peaked at X kg in 2021, and then dropped remarkably in the following year.

In value terms, groundnuts exports dropped dramatically to $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 397%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Moldova (X kg) was the main destination for groundnuts exports from Ukraine, with a 87% share of total exports. Moreover, groundnuts exports to Moldova exceeded the volume sent to the second major destination, Norway (X kg), more than tenfold. Panama (X kg) ranked third in terms of total exports with a 3.9% share.

From 2013 to 2022, the average annual growth rate of volume to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+66.7% per year) and Panama (-17.5% per year).

In value terms, Moldova ($X) emerged as the key foreign market for ground-nut (in-shell) exports from Ukraine, comprising 86% of total exports. The second position in the ranking was taken by Norway ($X), with a 6% share of total exports. It was followed by Panama, with a 4.7% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+85.7% per year) and Panama (-15.6% per year).

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, declining by -3.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($X per ton) and Panama ($X per ton), while the average price for exports to Norway ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Ukraine

In 2022, groundnuts imports into Ukraine dropped remarkably to X tons, declining by -44.5% on 2021 figures. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 180%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, groundnuts imports contracted to $X in 2022. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 177% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Uzbekistan (X tons) and India (X tons) were the main suppliers of groundnuts imports to Ukraine, with a combined 83% share of total imports. Turkey and Tajikistan lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +80.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), India ($X) and Uzbekistan ($X) were the largest groundnuts suppliers to Ukraine, with a combined 85% share of total imports. Turkey and Tajikistan lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Turkey, with a CAGR of +139.2%, 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

In 2022, the average groundnuts import price amounted to $X per ton, increasing by 57% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +95.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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