The wholesale of partially blanched peanuts in China must be a profitable business because of the great population.
China has a vast majority of land and the peanut production areas.
raw blanched peanuts
must be greatly developed in relation to the soil vastitude.
"World - Ground-Nut - Market Analysis, Forecast, Size, Trends, and Insights" is the title of a recent report by IndexBox.
Here is an overview of the report's key findings.
Due to an increase in global production, peanut prices are predicted to remain stable in 2022. The output of peanut seeds is anticipated to reach a record high of 50,7 million tonnes this year, up 2.3% from last year.
The increased supply of peanuts this year will maintain the same pricing for peanuts.
The average price of peanut seed (CIF; US Runners 40/50%, Shelled Basis) on the Rotterdam exchange was $1,525 per tonne in January 2022, essentially unchanged from January 2021.
Utilizing USDA data, IndexBox predicts that global groundnut production will rise by 2.3 years annually, reaching 50.70 million tonnes in 2022.
From around 4.6 million tonnes in 2021 to 4.5 million tonnes this year, the world's imports are predicted to decrease.
China produces the most peanut seeds in the world (36% of the total), followed by India (13% of the total).
In 2022, it is expected that China's production of peanuts will rise by 1.2% year over year to 18.2 million tonnes, while India's production will rise by 1.5% year over year to 6.8 million tonnes.
global imports of peanuts Global imports of groundnuts (in shell) totaled 461K tonnes in 2020, an 82% rise from the year before.
Value-wise, supply climbed to $415M. (IndexBox estimates).
Groundnut imports from China account for 320K tonnes, or almost 69%, of the total tonnage in 2020.
Italy (23 thousand tonnes), which made up 5.1% of all imports, trailed far behind.
Germany (19K tonnes), Spain (13K tonnes), Vietnam (9.4K tonnes), Thailand (8.3K tonnes), Canada (7.6K tonnes), and Indonesia imported 14% of the total supplies (6.9K tonnes).
The world's largest market for imported groundnuts (in shell) in China ($182M), which accounts for 44% of the total.
Italy ($52 million) came in second on the list, accounting for 13% of all imports.
With an 8.1% share, Germany landed in second place.
China's groundnut imports increased fivefold in value in 2020.
The two countries with the highest average annual growth rates among the others were Italy (+7.8% y/y) and Germany (+1.4% y/y). Top Peanut Exporters Around the World.
