Italy - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnuts Price in Italy - 2023
Contents:
- Groundnuts Price in Italy (CIF) - 2023
- Groundnuts Price in Italy (FOB) - 2022
- Groundnuts Imports in Italy
- Groundnuts Exports in Italy
Groundnuts Price in Italy (CIF) - 2023
The average groundnuts import price stood at $2,402 per ton in July 2023, waning by -19.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in October 2022 an increase of 27% month-to-month. Over the period under review, average import prices attained the maximum at $2,980 per ton in June 2023, and then shrank remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($6,560 per ton), while the price for the United States ($2,167 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Groundnuts Price in Italy (FOB) - 2022
The average groundnuts export price stood at $2,961 per ton in 2022, which is down by -2.3% against the previous year. Overall, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 33%. The export price peaked at $3,030 per ton in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($6,380 per ton), while the average price for exports to Austria ($2,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Groundnuts Imports in Italy
After three years of growth, overseas purchases of ground-nut (in-shell) decreased by -30.9% to 19K tons in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 27K tons, and then fell sharply in the following year.
In value terms, groundnuts imports shrank sharply to $41M in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports attained the peak of $61M, and then reduced sharply in the following year.
| Import of Groundnuts in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 27.2 | 30.2 | 38.6 | 25.5 | -2.1% |
| Israel | 14.8 | 14.5 | 15.3 | 11.4 | -8.3% |
| United States | 5.2 | 5.5 | 4.5 | 2.6 | -20.6% |
| Others | 1.0 | 2.0 | 2.9 | 1.2 | 6.3% |
| Total | 48.2 | 52.1 | 61.2 | 40.6 | -5.6% |
Top Suppliers of Groundnuts to Italy in 2022:
- Egypt (13.6K tons)
- Israel (3.4K tons)
- United States (1.3K tons)
Groundnuts Exports in Italy
Groundnuts exports from Italy skyrocketed to 447 tons in 2022, with an increase of 62% compared with the year before. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 216%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, groundnuts exports skyrocketed to $1.3M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 257%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Groundnuts in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 8.8 | 5.8 | 75.8 | 568 | 301.1% |
| Netherlands | 30.8 | 2.8 | 419 | 415 | 138.0% |
| Germany | 5.7 | 13.5 | 50.3 | 106 | 164.9% |
| Ireland | N/A | N/A | N/A | 47.9 | 0% |
| Israel | 68.8 | N/A | N/A | 46.9 | -12.0% |
| Slovenia | 83.4 | 143 | 9.5 | 40.6 | -21.3% |
| Egypt | N/A | N/A | N/A | 35.4 | 0% |
| France | 121 | 56.5 | 24.9 | 22.9 | -42.6% |
| Slovakia | N/A | N/A | 54.3 | N/A | 0% |
| Switzerland | N/A | N/A | 115 | N/A | 0% |
| United Kingdom | 79.5 | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | 27.8 | N/A | 0% |
| Others | 36.4 | 12.9 | 59.2 | 40.4 | 3.5% |
| Total | 435 | 234 | 836 | 1,324 | 44.9% |
Top Export Markets for Groundnuts from Italy in 2022:
- Austria (260.8 tons)
- Netherlands (89.3 tons)
- Germany (33.9 tons)
- Israel (14.3 tons)
- Egypt (14.3 tons)
- Slovenia (13.9 tons)
- Ireland (7.5 tons)
- France (6.4 tons)
This report provides an in-depth analysis of the groundnuts market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 242 - Groundnuts, in shell
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the groundnuts market in Italy.
2161
This report provides an in-depth analysis of the global groundnuts market.
465
This report provides an in-depth analysis of the groundnuts market in Italy.
2161
This report provides an in-depth analysis of the global groundnuts market.
117
During the period analyzed, there was a significant decrease in imports. The value of Groundnuts imports rose to $1.4M in October 2023.
230
In June 2023, the price of Groundnuts reached $2,980 per ton (CIF, Italy), reflecting a 9.4% increase compared to the previous month.
1441
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
1592
Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
117
During the period analyzed, there was a significant decrease in imports. The value of Groundnuts imports rose to $1.4M in October 2023.
230
In June 2023, the price of Groundnuts reached $2,980 per ton (CIF, Italy), reflecting a 9.4% increase compared to the previous month.
1441
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
