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

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,757 per ton in 2022, picking up by 4.2% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $2,763 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Denmark ($3,665 per ton), while the price for Brazil ($1,335 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.0%), 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 Sweden (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $2,489 per ton in 2022, growing by 3.7% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 70%. As a result, the export price attained the peak level of $3,332 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($2,490 per ton), while the average price for exports to the UK ($1,000 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 Norway (-1.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell imported into Sweden totaled 615 tons, remaining constant against the previous year. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 104% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell rose notably to $1.1M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +97.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Netherlands (311.3 tons)
2. Argentina (205.1 tons)
3. Brazil (50.0 tons)
4. Denmark (34.9 tons)

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

In 2022, overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -45.3% to 42 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 4,474%. As a result, the exports attained the peak of 144 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined remarkably to $105K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 6,303% against the previous year. As a result, the exports reached the peak of $338K. 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 Sweden in 2022:

1. Norway (38.4 tons)
2. Finland (2.6 tons)
3. Denmark (1.1 tons)

Source: IndexBox Market Intelligence Platform