Peanut Export from India: Insights for Top Peanut Exporters

Key Highlights:

• As per peanut export data, India exported 680,698.61 metric tonnes of groundnuts worldwide in 2023–2024, worth INR 7,135.35 crore, or 860.68 USD million.
• The top Indian peanut export markets are Indonesia, Vietnam, the Philippines, Malaysia, Thailand, the United Arab Emirates, and Bangladesh.
• The top peanut exporting countries are India, the United States, Brazil, the Netherlands, China, Nicaragua, and Egypt. 
• The top peanut exporters in India are Agrocrops Kinal Global Care, Skyz International, Dhaval Agri Exports LLP, Badani Corporation, and United Inc. 

As everyone is aware, peanuts are a great source of protein, antioxidants, vitamins, and minerals. "Wonder nuts" or "poor man's almonds" are common names for them in India. A wide range of culinary products, such as snacks, desserts, and other food items, heavily incorporate these nuts. Additionally, they are the most cultivated oilseed in India, positioning the country as the second-largest peanut producer globally.

Now, in this blog, we will explore India's journey from being the top peanut producer to the leader in groundnut export from India. Additionally, this blog provides a quick summary of peanut export data from India, peanut HS codes, and peanut exporting nations.

Why is India the Largest Producer of Peanuts?

Did you know? India is the biggest peanut producer globally. With an annual all-season coverage of 54.2 lakh hectares, a productivity of 1863 kg per hectare, and a production of 78.28 lakh metric tonnes, it ranks as the second-largest producer.

As India is a major producer of peanuts, let's find the reason behind it: 

• Peanuts can be cultivated in India owing to its favorable soil and ideal climate. 
• More importantly, India has made investments in machinery and advanced agriculture and manufacturing methods. 
• Also, in order to guarantee a year-round supply, India harvests peanuts twice a year, in May and October. 
• As a result, Bold or Runner, Java or Spanish, Red Natal, Kadiri-2, Kadiri-3, BG-1, BG-2, Kuber, GAUG-1, and GAUG-10 are among the peanut varieties grown in India. Up to 37% of India's peanut production comes from Gujarat, making it the state with the greatest production rate. Karnataka, Tamil Nadu, and Andhra Pradesh are additional significant producers. 
• Indian producers offer peanuts that meet strict international standards. They sell a range of peanut goods, such as blanched peanuts, roasted salted peanuts, dry-roasted peanuts, and raw edible peanuts.

Similarly, let’s discuss the factors that make India the leading exporter of peanuts!

Why is India the Largest Exporter of Peanuts?

To learn the factors that increase groundnut export from India, first go through this global data.

Firstly, peanut consumption is predicted to rise from its current level of roughly 48 million metric tonnes to nearly 49 million metric tonnes by 2026, a 0.3% increase. The average annual growth rate since 2017 has been 0.8%. 

As a result, China is the biggest consumer, with 17 million metric tonnes, followed by the US, Nigeria, and India.

The global demand for peanuts would rise due to many factors, including:

• Peanuts are a great source of protein, fiber, antioxidants, and other nutrients and are used in a variety of wholesome snacks and prepared foods.
• With the growing popularity of plant-based proteins, the market for peanuts is expected to grow. 
• Peanuts are an ingredient in many foods, including snacks, sweets, and sauces. 
• Europe imports more peanuts than any other country in the world; even the European market is estimated to surpass $1.35 billion by 2026. 
• Moreover, squeezy chocolate peanut butter is one of the new peanut products being introduced by companies such as Whole Earth. 

Being the biggest producer, India expanded into markets with high peanut demand as global consumption rose, becoming the world's largest exporter of peanuts. 

India’s Peanut Export Data: 2023-24

India exported 680,698.61 metric tonnes of groundnuts worldwide in 2023–2024, worth INR 7,135.35 crore, or 860.68 USD million.

Similarly, groundnut export from India is done in varieties, including blanched, dry-roasted, salted, and other peanut-based products, in addition to raw edible peanuts.

As a result, peanut exporters in India shipped 16,234 shipments of peanuts between March 2023 and February 2024 (TTM), according to peanut export data from India. These exports, which were made to 3,236 buyers by 1,542 Indian exporters, grew by 21% over the preceding 12 months.

Secondary, in February 2024 alone, 1,280 shipments were made for peanut export from India. This is a 1% year-over-year increase from February 2023 and a 2% sequential growth from January 2024. 

However, the export of groundnut from India rose 42% to 0.77 lakh metric tonnes in February 2024, compared to 0.54 lakh metric tonnes in the same period the year before. 

Leading Peanut HS Codes

Here is the list of the trending peanut HS codes that are pretty famous in the market for peanut export from India: 

To get a more detailed list of peanut HS codes or peanut exporters in India, explore peanut export data at Exportimportdata.in

Let’s discuss the top Indian peanut export destinations!

Leading Destinations for Peanut Export from India

Here is the list of top markets for groundnut export from India:

For more information about all the top destinations for peanut export from India, visit Exportimportdata.in.

Top 10 Peanut Exporting Countries

Below is the list of the biggest exporters of peanuts worldwide:

So, according to peanut export data for 2024, these are the main peanut exporting countries. Nonetheless, with 18% of all peanut export from India, it is the world's largest exporter of peanuts. Other than India, the United States, Brazil, the Netherlands, and China are the main exporters of peanuts.

To know more about all the largest exporter of peanuts, peanut HS codes, or peanut export data from India, connect us at Exportimportdata.in.

Peanut Exporters In India

The top peanut exporters from India are shown below: 

1. Agrocrops
2. Kinal Global Care
3. Skyz International
4. Dhaval Agri Exports LLP
5. Badani corporation
6. United INC
7. Savaliya Agri Commodity Export Pvt Ltd
8. VAD Industries 
9. Piyali Agro Food
10. Varsha Industries

On the global market, Indian peanuts are highly sought after. In order to meet the demand for groundnuts worldwide, these peanut exporters in India play a vital role. For thorough information on peanut export from India or peanut exports by country, visit Exportimportdata.in. 

How Can You Be the Top Peanut Exporter in India?

Here are some pointers to give an idea of being a prominent exporter of peanuts from India: 

• To get an exporter's code and apply for various export incentives, you must register with APEDA.
• For seamless peanut export from India, you must get a number of licenses and permissions, including a phytosanitary certificate, a certificate of origin, and a certificate of analysis.
• You can find buyers or importers at Exportimportdata.in. Moreover, you can explore updated insights on peanut export from India, peanut exporters in India, peanut HS codes, and much more at our prominent platform. 
• Gaining market insights about nearby competitors, shipping alternatives, and all the other information needed for the successful and efficient export of groundnut from India can be achieved by obtaining peanut export data. 
• Similarly, groundnut export from India must fulfill the quality requirements specified by the importing nation. Make sure your peanuts are of the highest caliber and free of illnesses and pests.

Conclusion

In conclusion, peanut export from India are complex processes that require careful planning and execution. It can be a lucrative endeavor for businesses that can fulfill the demanding requirements of overseas customers. 

You can increase your chances of success in the international nuts export market by adhering to the guidelines provided in this blog. If you have any further queries regarding groundnut export from India, peanut HS codes, or peanut export data from India, please contact Exportimportdata.in We'll push your business to new heights!

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Top Peanut HS Codes

Peanut HS Codes: 96140000

Peanut HS Codes: 12024210

Peanut HS Codes: 20081100