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

Contents:

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

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

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,386 per ton, almost unchanged from the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 14% against the previous year. The export price peaked at $3,008 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,497 per ton), while the average price for exports to China ($1,200 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 Malaysia (+1.5%), while the prices for the other major destinations experienced a decline.

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,074 per ton in 2022, growing by 16% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +75.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 90%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($1,619 per ton), while the price for Madagascar ($218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -21.4% to 3K tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2020 when exports increased by 7.5% against the previous year. As a result, the exports attained the peak of 6.9K 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 contracted notably to $4.1M in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 0.4% against the previous year. As a result, the exports attained the peak of $9.1M. 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 Vietnam in 2022:

1. Malaysia (1552.8 tons)
2. China (1139.3 tons)
3. Thailand (242.4 tons)

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

After two years of decline, overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by 191% to 2.6K tons in 2022. Over the period under review, imports, however, continue to indicate a precipitous decrease.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $2.8M in 2022. Overall, imports, however, faced a sharp contraction.

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

1. India (1301.3 tons)
2. United States (1026.1 tons)
3. Mozambique (57.6 tons)
4. Cambodia (50.7 tons)
5. Indonesia (31.7 tons)

Source: IndexBox Market Intelligence Platform