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

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $822 per ton in 2022, with a decrease of -34.4% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $2,019 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,339 per ton), while the price for the United States ($484 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the prices for the other major suppliers experienced a decline.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $3,303 per ton, picking up by 18% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +43.8% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($3,818 per ton), while the average price for exports to Guam totaled $1,992 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Hong Kong SAR recorded growth in overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell, which increased by 83% to 2.6K tons in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell skyrocketed to $2.2M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. United States (2104.1 tons)
2. Indonesia (475.1 tons)
3. Taiwan (Chinese) (52.8 tons)
4. China (3.8 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell, when their volume increased by 48% to 11 tons. Overall, exports, however, showed a dramatic downturn.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell surged to $35K in 2022. Over the period under review, exports, however, faced a significant decrease.

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

1. Canada (7.6 tons)
2. Guam (3.0 tons)

Source: IndexBox Market Intelligence Platform