Groundnuts Market in the United States
Market Overview
In 
, the U.S. groundnuts market increased by % to $ for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
In value terms, groundnuts production expanded markedly to $ in . Over the period under review, production, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2012 when the production volume increased by %. As a result, production reached the peak level of $. From 2013 to , production growth failed to regain momentum.
The average yield of ground-nut (in-shell) in the United States fell to tons per ha in , declining by -% against figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the yield increased by %. As a result, the yield reached the peak level of tons per ha. From 2013 to , the growth of the average groundnuts yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of ground-nut (in-shell) production in the United States stood at ha, increasing by % against the previous year's figure. Overall, the total harvested area indicated tangible growth from 2007 to : its figure increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, groundnuts harvested area increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2012 with an increase of %. The groundnuts harvested area peaked at ha in 2017; however, from 2018 to , the harvested area stood at a somewhat lower figure.
, the U.S. groundnuts market increased by % to $ for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.In value terms, groundnuts production expanded markedly to $
in . Over the period under review, production, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2012 when the production volume increased by %. As a result, production reached the peak level of $. From 2013 to , production growth failed to regain momentum.The average yield of ground-nut (in-shell) in the United States fell to
tons per ha in , declining by -% against figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the yield increased by %. As a result, the yield reached the peak level of tons per ha. From 2013 to , the growth of the average groundnuts yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of ground-nut (in-shell) production in the United States stood at ha, increasing by % against the previous year's figure. Overall, the total harvested area indicated tangible growth from 2007 to : its figure increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, groundnuts harvested area increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2012 with an increase of %. The groundnuts harvested area peaked at ha in 2017; however, from 2018 to , the harvested area stood at a somewhat lower figure.Consumption
In , consumption of ground-nut (in-shell) increased by % to tons, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a pronounced increase from 2007 to : its volume increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Groundnuts consumption peaked at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The revenue of the groundnuts market in the United States rose rapidly to $ in , picking up by % 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, the total consumption indicated mild growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
, consumption of ground-nut (in-shell) increased by % to tons, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a pronounced increase from 2007 to : its volume increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Groundnuts consumption peaked at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The revenue of the groundnuts market in the United States rose rapidly to $
in , picking up by % 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, the total consumption indicated mild growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for groundnuts in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .Market Structure
Over the period under review, imports of groundnuts in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for groundnuts.
Trade Balance
The United States remains a net exporter of groundnuts; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report