Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the Philippines - 2022

Contents:

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

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

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,511 per ton, dropping by -16.3% against the previous year. In general, the import price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 305% against the previous year. The import price peaked at $1,806 per ton in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mozambique ($1,540 per ton), while the price for China stood at $1,437 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+122.4%), 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 the Philippines (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,383 per ton, flattening at the previous year. In general, the export price showed strong growth. The growth pace was the most rapid in 2020 an increase of 107%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,594 per ton), while the average price for exports to the United Arab Emirates totaled $1,097 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.9%), 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 the Philippines

After two years of decline, overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by 67% to 153 tons in 2022. Over the period under review, imports, however, continue to indicate a dramatic downturn.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $231K in 2022. Overall, imports, however, showed a precipitous curtailment.

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

1. Mozambique (109.7 tons)
2. China (42.9 tons)

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

In 2022, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from the Philippines totaled 300 kg, approximately equating the year before. Overall, exports saw prominent growth. The smallest decline of -27.3% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $415 in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. United Arab Emirates (165.0 kg)
2. Sweden (133.0 kg)

Source: IndexBox Market Intelligence Platform