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

Contents:

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

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

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,084 per ton, growing by 4.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 272% against the previous year. The import price peaked at $12,430 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,853 per ton), while the price for Argentina ($1,934 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $2,794 per ton in 2022, which is down by -7.9% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 174%. As a result, the export price reached the peak level of $23,884 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,161 per ton), while the average price for exports to Italy ($2,164 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 Germany (+2.4%), 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 Luxembourg

For the fourth year in a row, Luxembourg recorded growth in overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell, which increased by 7.3% to 172 tons in 2022. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell expanded markedly to $360K in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Argentina (165.7 tons)
2. Germany (3.8 tons)
3. Belgium (1.0 tons)

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

In 2022, overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -47.2% to 28 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,024%.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell plummeted to $78K in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 730% against the previous year. As a result, the exports reached the peak of $433K. 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 Luxembourg in 2022:

1. Italy (25.0 tons)
2. France (1.6 tons)
3. Belgium (0.8 tons)
4. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform