Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium - 2023

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium (CIF) - 2023
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium (FOB) - 2023
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium (CIF) - 2023

In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,779 per ton, picking up by 8.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 33% against the previous month. Over the period under review, average import prices hit record highs at $2,116 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,771 per ton), while the price for Cameroon ($1,112 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium (FOB) - 2023

In September 2023, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,399 per ton, flattening at the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 27% month-to-month. The export price peaked at $2,552 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From December 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to +1.0% per month.

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium

In 2022, purchases abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -26.6% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 117%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell shrank rapidly to $2M in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 123% against the previous year.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Belgium in 2022:

1. Togo (500.8 tons)
2. Netherlands (498.3 tons)
3. United States (107.8 tons)
4. China (52.3 tons)
5. Cameroon (20.9 tons)
6. Uganda (3.6 tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Belgium

In 2022, shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -41.4% to 469 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 987% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined markedly to $926K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 827%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Belgium in 2022:

1. France (379.5 tons)
2. Netherlands (43.9 tons)
3. Germany (23.2 tons)
4. United Kingdom (4.8 tons)

Source: IndexBox Market Intelligence Platform