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

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the UK (CIF) - 2024
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the UK (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the UK
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the UK

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the UK (CIF) - 2024

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,998 per ton in August 2023, increasing by 12% against the previous month. Over the period from January 2023 to August 2023, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Egypt ($2,254 per ton), while the price for Nigeria ($258 per ton) was amongst the lowest.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Egypt (+5.8%), 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 the UK (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $4,359 per ton, declining by -3.6% against the previous year. In general, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of 130%. As a result, the export price attained the peak level of $4,786 per ton. From 2016 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 Germany ($5,597 per ton), while the average price for exports to the Netherlands ($2,031 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 Germany (+13.9%), 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 the UK

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell imported into the UK was estimated at 3.5K tons, with an increase of 13% compared with 2021 figures. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. 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 rose significantly to $6.3M in 2022. The total import value increased at an average annual rate of +12.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 the UK in 2022:

1. United States (1239.2 tons)
2. Egypt (787.0 tons)
3. China (560.0 tons)
4. Argentina (261.3 tons)
5. Uganda (258.6 tons)
6. Nigeria (241.5 tons)
7. Uzbekistan (141.4 tons)

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

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell exported from the UK surged to 136 tons, with an increase of 19% compared with the previous year's figure. Over the period under review, exports, however, saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 48%. As a result, the exports attained the peak of 428 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 rose sharply to $592K in 2022. Overall, exports, however, continue to indicate a abrupt setback.

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

1. Ireland (48.9 tons)
2. Netherlands (13.0 tons)
3. France (3.2 tons)

Source: IndexBox Market Intelligence Platform