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

Contents:

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

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

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $2,395 per ton in 2022, dropping by -26.4% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. As a result, the export price attained the peak level of $3,256 per ton, and then declined markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($5,308 per ton), while the average price for exports to China ($1,179 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 Fiji (-1.6%), 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 Australia (CIF) - 2022

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,537 per ton, waning by -38.8% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2021 when the average import price increased by 26%. The import price peaked at $3,416 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,824 per ton), while the price for Vietnam stood at $1,385 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After two years of decline, shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by 50% to 54 tons in 2022. In general, exports, however, saw a sharp decrease.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell expanded significantly to $128K in 2022. Overall, exports, however, showed a dramatic setback.

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

1. Fiji (46.4 tons)
2. China (6.0 tons)
3. Papua New Guinea (0.9 tons)

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

In 2022, supplies from abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -93.3% to 3.1 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 281% against the previous year. As a result, imports reached the peak of 233 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined remarkably to $4.8K in 2022. Over the period under review, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, imports reached the peak of $464K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Vietnam (2.2 tons)
2. China (0.8 tons)

Source: IndexBox Market Intelligence Platform