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

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

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,222 per ton, rising by 34% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The import price peaked at $1,472 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.0% per year.

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

In 2022, approx. 24 tons of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were imported into Venezuela; growing by 23% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. 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 surged to $30K in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +69.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.