Market intelligence report GROUNDNUT - APEDA€¦ · Groundnut seeds are rich source of edible oil...

Market intelligence report

GROUNDNUT

Market Intelligence Report for GROUNDNUT

Huge Growth in exports of groundnut expected in 2020-

2024

The consumption has grown at a rate of 2.53% and expected to grow further during

2019-2024. Groundnut seeds are rich source of edible oil (43-55%) as well as protein

(25-28%). China and India are the largest consumer and exporters of peanuts in the

world, accounting for more than 36% of the global consumption.

Many other countries offer ample opportunities to exporters due to changes in the

consumption patterns of customers, as demand for plant-based protein is gaining

popularity instead of meat-based protein. With people becoming more and more

interested in healthy-eating, peanuts are expected to become an important source of

unsaturated fats, fiber, protein, vitamins, and minerals.

Global Groundnut exports (Source: Trademap)

Global Consumption of Groundnutisbe on rise

Peanut butter is a key product for groundnuts in the food industry and whoseconsumption is

currently small, but has potential for growth. It is estimated that the average European

consumes less than one table spoon of peanut butter annually. In comparison, North Americans

are estimated to consume around 1.5 kg of peanut butter per capita.

Growth has been reported in the largest European peanut butter market, theNetherlands. In the

Netherlands peanut butter is a common bread spread. Some of the leading producers are Calvé

(Unilever) and Intersnack.

In the United Kingdom, peanut butter sales rose by 13% in 2015 due to its rebranding as a

health product. The British company Duerr’s has consolidated its position as the main peanut

butter producer.

Groundnuts are gaining ground in new product launches

Europe shows a growing number of food products containing groundnuts. Snacks still dominate

the market, at 45%. Chocolate and confectionery is 14% of the market and bakery 11%.

However, groundnuts are also used in other new applications. The product is valued for its

health aspect, supported by recent studies highlighting their benefits and new insights into

peanut allergy. Additionally, the taste, protein content and texture of peanuts is appealing to

consumers.

Other applications with smaller market shares are these newer products such as ready-to-serve

meals containing groundnuts and groundnut milk. Examples are:

• Peanut Hottie drinkable groundnut powder (United Kingdom)

• Ready-to-serve like Plus Bami Goreng with Satay Ajam (Netherlands)

• Magnum Ice cream Double Peanut Butter

• Strong increase in protein products in bars for athletes, like Barebells Protein Bar (United

Kingdom)

• Peanut milk products from the Asia-Pacific region could also enter the European

market, as non-dairy milk alternatives grow.

India will remain one of the largest groundnut exporters in the world

Increasing Health Consciousness will drive the groundnut Market

Peanuts contain essential functional nutrients like fibers, proteins, antioxidants, polyphenols,

and vitamins and minerals. They also contain all the 20 amino acids, the most abundant of

them being arginine. These compounds can prevent disease and promote longevity. The

arginine in peanuts is known to stimulate the immune system. Peanuts also contain

resveratrol, a bioflavonoid known to cut the risk of stroke. Peanuts display protective effects

against cardiovascular disease, diabetes, cancer, and other diseases. To sum it up – peanuts

are nutritional powerhouses.

The groundnuts production volume in India amounted to about 6.2 million metric tons during

fiscal year 2018 and is expected to grow owing to favorable sowing conditions.

Production volume of groundnut across India from FY 2013 to FY 2018 (in million metric tons)

Climate condition required and crop calendar

Although, the groundnut plant is adaptable for wide climatic conditions, it requires 14 to 16oC

for germination, a long and warm growing season lengthens flowering. High temperatures result

in the best performance in terms of length of the stem, number of flowers and number of pods.

Maximum number of pods will be at mean temperatures of 23oC. Good yields are expected with

a well-distributed 37 to 60 cm of rainfall during the crop period. However, summer groundnut

crop can thrive with 12.5 to 17.5 cm rainfall during the fortnight after sowing and 37 to 60 cm

during the growth of the crop.Although the crop can be grown in all the seasons, kharif season

production accounts for about 80 % of the total production. More than 90 % of the groundnut

area is grown under rainfed condition. Kharif crop is grown during June-September period in

majority of Gujarat and Maharashtra. In southern region it is grown as kharif as well as rabi crop

and in southeastern states it is even cultivated in rice fallows during October-March. Groundnut

is also cultivated duri January-May as a summer crop under assured irrigation.

Overview of the importing countries of groundnut and trends

The groundnuts import across the world are on a steady rise, led by China which the largest

consumer of Groundnut (HS code 120241)

India’s Export potential and gap analysis for imports of groundnut

Importers Value imported in 2018 ($

thousand) Import from India ($

thousand) Gap ($ thousand)

Afghanistan 84222 5678 78544

China 51731 0 51731

Italy 47009 0 47009

Germany 35281 0 35281

Spain 17921 22 17899

Indonesia 13696 445 13251

Canada 12305 0 12305

Malaysia 9192 0 9192

Portugal 8485 0 8485

Mexico 8235 0 8235

Switzerland 7695 0 7695

France 7693 0 7693

Trinidad and Tobago

6430 0 6430

Netherlands 6078 38 6040

Saudi Arabia 4857 52 4805

0 10000 20000 30000 40000 50000 60000 70000 80000 90000

Exp

ort

Po

ten

tial

($

th

ou

san

d)

Export Potential for HS 120241

0 50,000

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000

Exp

ort

Po

ten

tial

($

th

ou

san

d)

Export Potential for HS 120242

Share of India’s exports & main competitors in world

Can India sustain in its traditional export markets for ground nuts?

United States of America, 32.83%

China, 18.85% Israel, 11.61%

Senegal, 5.28%

Uzbekistan, 4.38%

Viet Nam, 3.42%

[CATEGORY NAME], [VALUE]

Bangladesh, 2.85%

Others, 17.93%

HS 120241 Export Market Share

United States of America China Israel Senegal Uzbekistan Viet Nam India Bangladesh Others

Top 15 Destination Countries

India's share in

Destination Country's

Imports - %

Unit Price

(India) - $

Average Tariff

(India) - %

FLP India - $/ton

Competing countries

Share of competing country in destination country's

imports - %

Unit Price -

$

Average Tariff -

%

FLP - $/ton

Afghanistan 69 860 3 881.5

Uzbekistan 20 808 2.5 828.2

Bangladesh 7 622 2.5 637.55

Tajikistan 3 497 2.5 509.425

China 1 992 2.5 1016.8

Pakistan 14.7 600 5 630


Turkmenistan 5 571 11 633.81

Iran, Islamic Republic of

2 611 11 678.21

Uzbekistan 2 692 11 768.12

Nepal 100 715 9 779.35 0

Algeria 34 764 30 993.2 China 66 965 30 1254.5

Yemen 43.4 809 5 849.45

United Arab Emirates

44 664 0 664

Saudi Arabia 13 548 0 548

South Africa 16.3 756 10 831.6

Zambia 44 791 0 791

Namibia 33 297 0 297

Malawi 4 417 0 417

Area Nes 2 520 520

Belarus 104 1106 0 1106

China 61 1,283 0 1283

Uzbekistan 8 1,074 0 1074

Russian Federation

0 1,000 0 1000


24.3 632 5 663.6

China 61 1,025 5 1076.25

Nigeria 6 863 5 906.15

Sudan 6 638 638


1 947 5 994.35

Bangladesh 18.9 679 3 699.37 China 81 957 10 1052.7

Afghanistan 3 0


0

China 86 993 32 1310.76


14 958 32 1264.56

Taipei, Chinese

0

Singapore 55.5 0

Hong Kong, China

92.5 0

Philippines 92.5 0

United Kingdom

92.5 0

China 92.5 0

Spain 0 1000 0 1000

China 71 1,480 0 1480

United States of America

23 1,554 0 1554

Egypt 2 2,161 0 2161

Israel 2 2,320 0 2320

Saudi Arabia 10 957 5 1,005

China 57 993 5 1042.65

Germany 11 16,176 5 16984.8

Lebanon 9 5,367 0 5367

Egypt 8 1,557 0 1557

Indonesia 84 971 5 1,020

Sudan 12 885 885

Mozambique 2 894 5 938.7

China 2 1,574 0 1574

Netherlands 4 1,013 0 1,013

China 25 1,346 0 1346

Belgium 19 1,818 0 1818

Egypt 19 1,810 0 1810

Germany 9 1,731 0 1731

How feasible will it be for Indian ground nuts to enter newer growing markets?

Top 15 Destination Countries

India's share in

Destination Country's

Imports - %

Unit Price (India)

- $

Average Tariff

(India) - %

FLP India - $/ton

Competing countries

Share of competing country in destination country's

imports - %

Unit Price -

$

Average Tariff - %

FLP - $/ton


Uzbekistan 20 808 2.5 828.2

Bangladesh 7 622 2.5 637.55

Tajikistan 3 497 2.5 509.425

China 1 992 2.5 1016.8

China United States of America 100 557 15 640.55

Italy

Egypt 59 1,879 0 1879

Israel 30 3,799 0 3799

United States of America 11 1,810 0 1810

China 0 1,426 0 1426

Germany


Egypt 29 1,782 0 1782

Israel 15 3,717 0 3717

Spain 0 1,000 0 1,000

China 71 1,480 0 1480


Egypt 2 2,161 0 2161

Israel 2 2,320 0 2320

Indonesia 84 971 5 1,020

Sudan 12 885 885

Mozambique 2 894 5 938.7

China 2 1,574 0 1574

Canada

United States of America 56 1,328 1328

China 38 1,367 1367

Argentina 5 2,512 2512

Nicaragua 1 1,500 1500

Malaysia 10 1,053 0 1,053

Indonesia 30 1,939 0 1939

China 27 1,311 0 1311

Viet Nam 15 1,817 0 1817

Thailand 11 1,825 0 1825

Portugal


China 40 1,240 0 1240

Spain 2 1,767 0 1767

Israel 2 2,303 0 2303

Mexico China 88 1,106 0 1106

United States of America 12 760 0 760

Switzerland

Egypt 49 2,166 9 2354.44

Israel 46 4,024 9 4374.09

Netherlands 2 2,925 9 3179.48

Uganda 1 3,882 0 3882

France


Togo 18 1,773 0 1773

China 15 1,485 0 1485

Egypt 12 1,827 0 1827

Trinidad and Tobago

United States of America 98 1,436 1436

China 2 993 993

Netherlands 4 1,013 0 1,013

China 25 1,346 0 1346

Belgium 19 1,818 0 1818

Egypt 19 1,810 0 1810

Germany 9 1,731 0 1731

Saudi Arabia 10 957 5 1,005

China 57 993 5 1042.65

Germany 11 16,176 5 16984.8

Lebanon 9 5,367 0 5367

Egypt 8 1,557 0 1557

*******************

Market intelligence report GROUNDNUT - APEDA€¦ · Groundnut seeds are rich source of edible oil...

Documents

Transcript of Market intelligence report GROUNDNUT - APEDA€¦ · Groundnut seeds are rich source of edible oil...