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

Contents:

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

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

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,313 per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($4,228 per ton), while the average price for exports to Timor-Leste ($466 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 the United States (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,299 per ton in March 2022, picking up by 6.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 7.6% m-o-m. Over the period under review, average import prices hit record highs at $1,326 per ton in April 2021; afterwards, it flattened through to March 2022.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was China ($1,784 per ton), while the price for India stood at $1,273 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced a decline.

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

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 -11.3% to 2.1K tons. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 9.3%.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $4.9M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. Malaysia (1322.0 tons)
2. Hong Kong SAR (440.3 tons)
3. Vietnam (121.5 tons)
4. Thailand (106.9 tons)
5. Timor-Leste (37.3 tons)
6. United States (35.2 tons)

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

Imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell into Indonesia dropped significantly to 1.8K tons in 2022, reducing by -35.3% against the previous year. Over the period under review, imports continue to indicate a sharp contraction.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced rapidly to $2.4M in 2022. Overall, imports saw a dramatic slump.

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

1. Sudan (1267.9 tons)
2. India (365.6 tons)
3. Mozambique (70.4 tons)
4. Tanzania (39.5 tons)
5. Singapore (34.7 tons)

Source: IndexBox Market Intelligence Platform