Spain - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGroundnuts Price in Spain - 2023
Contents:
- Groundnuts Price in Spain (CIF) - 2023
- Groundnuts Price in Spain (FOB) - 2023
- Groundnuts Imports in Spain
- Groundnuts Exports in Spain
Groundnuts Price in Spain (CIF) - 2023
In July 2023, the average groundnuts import price amounted to $1,952 per ton, leveling off at the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 9.1% month-to-month. The import price peaked at $1,995 per ton in December 2022; afterwards, it flattened through to July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Egypt ($2,078 per ton) and China ($1,976 per ton), while the price for Argentina ($1,678 per ton) and the United States ($1,923 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Argentina (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Groundnuts Price in Spain (FOB) - 2023
In July 2023, the average groundnuts export price amounted to $3,798 per ton, jumping by 93% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $4,283 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was France ($4,973 per ton), while the average price for exports to Sweden ($3,160 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Groundnuts Imports in Spain
After three years of growth, overseas purchases of ground-nut (in-shell) decreased by -2.3% to 14K tons in 2022. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 4% against the previous year.
In value terms, groundnuts imports stood at $26M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Groundnuts in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.5 | 13.7 | 14.6 | 12.3 | -5.3% |
| United States | 3.6 | 6.8 | 7.9 | 11.0 | 45.1% |
| Turkey | N/A | N/A | 0.7 | 0.9 | 28.6% |
| Egypt | 0.4 | 0.3 | 0.5 | 0.9 | 31.0% |
| Israel | 0.3 | 0.5 | 0.7 | 0.5 | 18.6% |
| Others | 0.7 | 0.5 | 0.4 | 0.2 | -34.1% |
| Total | 19.4 | 22.0 | 24.9 | 25.9 | 10.1% |
Top Suppliers of Groundnuts to Spain in 2022:
- United States (6.8K tons)
- China (5.5K tons)
- Turkey (0.6K tons)
- Egypt (0.4K tons)
- Israel (0.2K tons)
Groundnuts Exports in Spain
In 2022, overseas shipments of ground-nut (in-shell) decreased by -49.6% to 123 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 251 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, groundnuts exports shrank sharply to $378K in 2022. Over the period under review, exports, however, recorded slight growth. The pace of growth was the most pronounced in 2020 with an increase of 50%.
| Export of Groundnuts in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 93.1 | 79.2 | 110 | 121 | 9.1% |
| France | 58.1 | 216 | 269 | 120 | 27.4% |
| Italy | 31.4 | 32.0 | 126 | 50.3 | 17.0% |
| Netherlands | N/A | 8.2 | 6.0 | 25.3 | 75.7% |
| Gibraltar | 11.1 | 15.4 | 14.7 | 21.0 | 23.7% |
| Germany | 0.3 | 6.1 | 39.8 | 13.1 | 252.1% |
| Belgium | 39.0 | 28.0 | 48.5 | 10.8 | -34.8% |
| Bosnia and Herzegovina | N/A | 34.8 | N/A | N/A | 0% |
| Barbados | 21.5 | N/A | N/A | N/A | 0% |
| China | 21.4 | 106 | N/A | N/A | 395.3% |
| United Kingdom | 82.6 | 2.9 | 18.7 | N/A | -52.4% |
| Others | 4.4 | 16.2 | 85.9 | 17.2 | 57.5% |
| Total | 363 | 545 | 718 | 378 | 1.4% |
Top Export Markets for Groundnuts from Spain in 2022:
- Portugal (50.1 tons)
- France (35.3 tons)
- Italy (14.4 tons)
- Netherlands (7.2 tons)
- Gibraltar (6.0 tons)
- Belgium (4.0 tons)
- Germany (2.5 tons)
This report provides an in-depth analysis of the groundnuts market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
423
This report provides an in-depth analysis of the groundnuts market in Spain.
2140
This report provides an in-depth analysis of the global groundnuts market.
423
This report provides an in-depth analysis of the groundnuts market in Spain.
2140
This report provides an in-depth analysis of the global groundnuts market.
66
Groundnuts imports reached their peak and are projected to keep rising in the near future, with a value of $30M in 2023.
137
The highest rate of growth was observed in January 2023 as imports of Groundnuts increased by 112% compared to the previous month. In terms of value, Groundnuts imports significantly declined to $2M in September 2023.
1422
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.
1583
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
66
Groundnuts imports reached their peak and are projected to keep rising in the near future, with a value of $30M in 2023.
137
The highest rate of growth was observed in January 2023 as imports of Groundnuts increased by 112% compared to the previous month. In terms of value, Groundnuts imports significantly declined to $2M in September 2023.
1422
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.
