Senegal Peanut Trade Overview and Export Trends
The overview of Senegal's peanut trade includes data on cultivation area, production, balance sheet, and exports to China. The country is a significant player in the global peanut market, with a focus on domestic consumption, exports, and retained seed. The export volume to China has shown fluctuations over the years, highlighting the dynamic nature of Senegal's peanut trade industry.
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Overview of Senegal Peanut Trade Click with the right mouse button on the graphic and choose change picture Oct 2021 1
Contents Senegal PN Introduction China Demand Senegal-China Trade Outlook 2
Senegal Peanuts Area & Production ACTUAL 2018-2019 ACTUAL 2019-2020 ACTUAL 2020-2021 ESTIMATED 2021-2022 SENEGAL PEANUTS CULTIVATION AREA WISE PEANUTS CULTIVATION AREA WISE PEANUTS CULTIVATION AREA WISE PEANUTS CULTIVATION AREA WISE Cutivation-Region wise Area Name Cutivation Land HECTARE 3,250 58,379 177,938 159,120 92,837 211,379 17,757 163,027 95,866 24,346 6,819 200,465 12,670 30,303 PRODUCTION TOTAL MT 230,104 191,147 113,287 178,107 205,625 104,188 215,592 Cutivation Land HECTARE 179,504 160,520 93,654 213,239 17,913 164,461 96,710 24,561 202,229 12,781 30,570 PRODUCTION TOTAL MT Cutivation Land HECTARE 82,467 188,837 175,385 128,695 122,669 13,264 100,738 99,036 31,278 3,231 228,685 9,582 40,320 PRODUCTION TOTAL MT 231,807 261,944 304,772 135,798 129,065 118,545 404,051 Cutivation Land HECTARE 1,121 88,439 197,117 192,305 129,742 120,548 14,501 116,892 101,842 33,564 4,354 244,876 11,276 44,842 PRODUCTION TOTAL MT 243,978 293,414 305,221 130,227 133,041 112,342 418,937 DAKAR DIOURBEL FATICK KAOLACK KOLDA LOUGA SAINT-LOUIS TAMBACOUNDA THIES ZIGUINCHOR MATAM KAFFRINE KEDOUGOU SEDHIOU 2,483 53,147 3,279 58,893 2,454 52,526 227,417 188,915 111,964 176,027 15,230 203,224 102,971 30,659 1,582 213,074 13,379 49,982 895 557 689 85,433 88,967 15,410 9,100 11,755 31,022 1,601 42,617 2,726 44,633 3,862 6,879 13,537 50,572 12,437 58,643 14,383 62,142 TOTAL 1,254,157 1,405,822 1,265,193 1,389,404 1,225,082 1,797,495 1,301,419 1,863,591 Total planting area of crop 2021 is about 1.3 million Ha with output 1.86million tons of peanuts (inshell term). 3
Senegal Peanuts Balance Sheet SENEGAL: BALANCE SHEET Item Name Est Usage % Share Deshelling Loss 575,198 32% Domestic Consumption 539,248 30% Export 30% Retained Seed 144,000 8% Deshelling loss 32% Exports 500,000 30% Total 1,797,495 100% Retained Seed 8% Export accounts for 30% of the total production basis inshell terms. Domestic consumption 30% 4
Senegal Peanuts Exports Senegal Peanuts Export to China 350,000 T 323,393 T 325,057 T 300,000 T 264,858 T 250,000 T 200,000 T 150,000 T 115,629 T 100,000 T 91,725 T 75,727 T 57,247 T 50,000 T 10,083 T 4,260 T 00 T Year 2013 Year 2014 Year 2015 Year 2016 Year 2017 Year 2018 Year 2019 Year 2020 Year 2021 More than 95% of the export comes to China. Since 2015, export volume to China has been increasing gradually. In 2018, volume dropped because of the bearish market in China. 5
China Imports : kernels/Inshells Peanut Kernel/In shell Import POD China China China Country Argentina India Senegal United States Sudan Subtotal-1 Subtotal-2 Year 2014 Year 2015 Year 2016 3,407 T 8,666 T 8,134 T 30,179 T 4,260 T 57,247 T Year 2017 Year 2018 Year 2019 1,818 T 00 T 75,727 T Year 2020 Year 2021 Aug 21,603 T 15,954 T 91,725 T 2,421 T 14,927 T 115,629 T 3,313 T 10,867 T 264,858 T 8,869 T 59,167 T 323,393 T 6,934 T 38,136 T 325,057 T China China China Vietnam Total 14,285 T 154 T 30,985 T 185,953 T 216,938 T 10,995 T - 108,257 T 227,307 T 335,250 T 192,075 T - 322,657 T 353,126 T 675,783 T 107,747 T 10,388 T 252,249 T 181,510 T 324,064 T 100,000 T 576,313 T 281,510 T 93,699 T 10,266 T 72,975 T 125,227 T 478,971 T 1,084,118 T 60,000 T 538,971 T 1,124,118 T 347,045 T 332,366 T 165,540 T 374,563 T 875,294 T 40,000 T 875,294 T Source of data: China/Vietnam Customs Till Aug 2021, China has imported around 325,000 MT of Senegal PN which is the historical number. Senegal peanuts accounts for 37% of China total peanuts import in 2021. In the last season, Senegal government has forbidden Dakar port trade and only allowed factory purchase in origins. Unlike the operation in previous years, Senegal government allowed peanuts export since Feb only. Senegal Government also started a very strict rule for foreign currency repatriation. 6
China Imports : Peanut Oil Peanut Oil Import in MT Country Argentina Brazil India Nicaragua Nigeria Senegal Sudan United States Others Grand Total Year 2015 31,046 T 38,866 T 16,337 T 7,040 T Year 2016 Year 2017 Year 2018 32,271 T 36,182 T 22,523 T 16,985 T 8,288 T 13,020 T 1,009 T 2,881 T Year 2019 93,768 T 36,477 T 11,191 T 107,970 T 5,363 T Year 2020 Year 2021 Aug 58,237 T 52,090 T 49,578 T 39,512 T 18,185 T 553 T 15,789 T 24,938 T 159,442 T 1,882 T 3,574 T 1,848 T 21,418 T 4,217 T 6,113 T 239,221 T 4,678 T 24,200 T 499 T 1,542 T 778 T 120,309 T 9,040 T 2,337 T 534 T 4,181 T 80,183 T 1,849 T 35,678 T 876 T 664 T 108,136 T 10,451 T 9,303 T 681 T 28,024 T 18,595 T 174 T 3,760 T 33,020 T 6,057 T 3,676 T 00 T 00 T 128,263 T 193,592 T 269,488 T Source of data: China Customs Till Aug 2021,China PN oil import volume has gone up to 240k mt, it will reach 300k by Dec 2021. The rise in Exports to China by Senegal has resulted in reduced crushing in the origin. 7
China Demand : Export China PN Export Volume 600,000 T 513,948 T 499,341 T 500,000 T 466,396 T 427,687 T 400,000 T 300,000 T 230,721 T 200,000 T 100,000 T 00 T Year 2017 Year 2018 Year 2019 Year 2020 Year 2021 Source of data: China Customs Till Aug 2021,China PN export volume is only 230k mt, whole year estimated volume will be only 330k mt, which is about 100k mt lower than year 2020. Main reason of the decrease is because of the extremely high sea freight. 8
China Demand : Crushing Oil Company Purchase Volume 1,800,000 T 1,600,000 T 1,400,000 T 1,200,000 T 1,000,000 T 800,000 T 600,000 T 400,000 T 200,000 T T Year 2012/13 Year 2013/14 Year 2014/15 Year 2015/16 Year 2016/17 Year 2017/18 Year 2018/19 Year 2019/20 Year 2020/21 Source of data: Industry Estimate One of the big peanut oil player in China has purchased more than 1 million mt kernels in the past season, last time when their volume crossed 1 million mt was year 2017 while China peanut market prices crashed. Thus their stock level is very high either in kernel term or in oil term. Overall small package sales in China is not as good as last year. There is no news about when will they start purchase for new season now. 9
China Demand : Edible Segment We have heard from many local traders that their traded volume to food segment has reduced by 20-30% this year. Extremely high soy oil price has also depressed the fried peanuts demand as the processing cost increased too much. One of the reasons of low demand is because of the covid situation, less travelling/less outing/less restaurants etc. 10
Senegal-China Trade Outlook Currently new crop progress looks good. In new season, Senegal government may continue to close Dakar port trade due to the covid situation and only allow trade in origins . They may also continue the foreign currency repatriation rules for the new season. China peanut market is very bearish which may depress Chinese buyers and they may not accept higher prices like last season-$1250-$1300. But global plant oil prices are at very high level, Senegal local peanut oil demand may drive the local peanut prices. Logistics challenges. 11
Disclaimer This presentation includes forward-looking statements and views. Because such statements and views deal with future events, they are subject to various risks and uncertainties and the way markets turn out could differ materially from our anticipations. These statements made and forward looking views expressed in this presentation are merely for analysis of the market. These are not trading recommendations. The Presenter and/or ETG cannot be held liable for any losses occurring to anyone by trading on these statements or views. 12
