Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Malaysia - 2024

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,759 per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $1,816 per ton in 2020; afterwards, it flattened through to 2022.

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 Indonesia ($2,600 per ton), while the price for India ($860 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.1%), 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 Malaysia (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,083 per ton, almost unchanged from the previous year. Overall, the export price saw a deep slump. The pace of growth was the most pronounced in 2015 an increase of 88%. The export price peaked at $2,336 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Singapore ($1,549 per ton), while the average price for exports to Thailand ($550 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+66.3%), 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 Malaysia

In 2022, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell into Malaysia surged to 7.1K tons, growing by 38% compared with 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. 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 soared to $12M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +61.6% against 2019 indices. As a result, imports attained 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 Malaysia in 2022:

1. India (2.0K tons)
2. China (1.8K tons)
3. Indonesia (1.5K tons)
4. Vietnam (1.4K tons)
5. Thailand (0.3K tons)

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

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell exported from Malaysia contracted notably to 94 tons, waning by -75% compared with 2021 figures. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,218% against the previous year. As a result, the exports reached the peak of 376 tons, 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 declined sharply to $102K in 2022. Over the period under review, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,434% against the previous year. As a result, the exports reached the peak of $410K, and then contracted remarkably in the following year.

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

1. Indonesia (80.0 tons)
2. Thailand (10.0 tons)
3. Singapore (4.1 tons)

Source: IndexBox Market Intelligence Platform