Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain - 2023
Contents:
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain (CIF) - 2023
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain (FOB) - 2022
- Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain
- Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain
Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain (CIF) - 2023
In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,956 per ton, surging by 3.1% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 7% against the previous month. The import price peaked at $1,995 per ton in December 2022; afterwards, it flattened through to September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($2,030 per ton), while the price for the United States amounted to $1,885 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), 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 Spain (FOB) - 2022
The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $3,073 per ton in 2022, surging by 4.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 87%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($5,150 per ton), while the average price for exports to Portugal ($2,422 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 Italy (+19.6%), 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 Spain
In 2022, supplies from abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -2.3% to 14K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 4% against the previous year.
In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell expanded slightly to $26M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.5 | 13.7 | 14.6 | 12.3 | -5.3% |
| United States | 3.6 | 6.8 | 7.8 | 11.0 | 45.1% |
| Turkey | N/A | N/A | 0.7 | 1.0 | 42.9% |
| Egypt | 0.4 | 0.3 | 0.5 | 1.0 | 35.7% |
| Israel | 0.3 | 0.5 | 0.7 | 0.5 | 18.6% |
| Others | 0.7 | 0.6 | 0.5 | 0.2 | -34.1% |
| Total | 19.4 | 22.0 | 24.9 | 26.0 | 10.3% |
Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Spain in 2022:
- United States (6.8K tons)
- China (5.5K tons)
- Turkey (0.6K tons)
- Egypt (0.4K tons)
- Israel (0.2K tons)
Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain
For the third consecutive year, Spain recorded decline in shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell, which decreased by -48.4% to 126 tons in 2022. In general, exports showed a precipitous slump. The smallest decline of -5.8% was in 2021.
In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell fell markedly to $386K in 2022. Over the period under review, exports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 50%.
| Export of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 88.5 | 76.4 | 99.0 | 122 | 11.3% |
| France | 55.2 | 208 | 274 | 120 | 29.5% |
| Italy | 29.8 | 30.6 | 113 | 48.3 | 17.5% |
| Netherlands | N/A | 7.8 | 5.3 | 25.8 | 81.9% |
| Gibraltar | 10.6 | 14.7 | 14.1 | 21.7 | 27.0% |
| Germany | 0.3 | 6.0 | 36.2 | 13.2 | 253.0% |
| Belgium | 37.0 | 26.7 | 43.8 | 11.0 | -33.3% |
| United Arab Emirates | 17.8 | 17.7 | 35.0 | 7.5 | -25.0% |
| China | 20.4 | 102 | N/A | N/A | 400.0% |
| United Kingdom | 78.5 | 2.9 | 17.4 | N/A | -52.9% |
| Others | 24.9 | 51.8 | 80.3 | 17.1 | -11.8% |
| Total | 363 | 545 | 718 | 386 | 2.1% |
Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Spain in 2022:
- Portugal (50.3 tons)
- France (35.3 tons)
- Italy (14.4 tons)
- Netherlands (7.2 tons)
- Gibraltar (6.2 tons)
- Belgium (4.0 tons)
- Germany (2.6 tons)
- United Arab Emirates (1.4 tons)
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This report provides an in-depth analysis of the groundnuts market in Spain.
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Groundnuts imports reached their peak and are projected to keep rising in the near future, with a value of $30M in 2023.
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