Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia - 2022

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia (CIF) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Colombia (CIF) - 2022

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,409 per ton, picking up by 2.4% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +39.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 93% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,841 per ton), while the price for Panama ($1,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), 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 Colombia (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $5,333 per ton in 2022, surging by 23% against the previous year. In general, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, the average export prices hit record highs at $8,833 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,143 per ton), while the average price for exports to Canada ($1,000 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 Aruba (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

After two years of decline, purchases abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by 20% to 30 tons in 2022. In general, imports, however, saw a precipitous slump.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $42K in 2022. Over the period under review, imports, however, saw a drastic downturn.

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

1. United States (18.8 tons)
2. Brazil (5.5 tons)
3. China (3.5 tons)
4. Panama (2.2 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell, when their volume decreased by -47.1% to 9 kg. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 240% against the previous year. As a result, the exports reached the peak of 17 kg, and then dropped notably in the following year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell dropped significantly to $48 in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 429% against the previous year. As a result, the exports reached the peak of $74, and then reduced markedly in the following year.

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

1. United States (7.0 kg)
2. Canada (1.0 kg)
3. Aruba (1.0 kg)

Source: IndexBox Market Intelligence Platform