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

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,961 per ton in 2022, rising by 9.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Israel ($2,302 per ton) and China ($2,125 per ton), while the price for Turkey ($1,635 per ton) and Spain ($1,871 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), 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 Portugal (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,974 per ton in 2022, surging by 111% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,993 per ton), while the average price for exports to Spain amounted to $1,581 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.5%).

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

In 2022, overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -3.1% to 3.6K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports attained the peak of 4.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $7.1M in 2022. The total import value increased at an average annual rate of +13.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 25%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (2250.3 tons)
2. China (900.5 tons)
3. Spain (164.6 tons)
4. Israel (114.4 tons)
5. Turkey (106.5 tons)

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

In 2022, overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -98.4% to 17 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, the exports reached the peak of 3.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined notably to $33K in 2022. Over the period under review, exports faced a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Turkey (15.2 tons)
2. Spain (1.4 tons)

Source: IndexBox Market Intelligence Platform