Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy - 2023
Contents:
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (CIF) - 2023
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (FOB) - 2022
- Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy
- Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy
Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (CIF) - 2023
In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,220 per ton, with a decrease of -5.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 25% against the previous month. The import price peaked at $2,980 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to September 2023, the rate of growth in terms of prices for Israel amounted to +1.9% per month.
Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (FOB) - 2022
The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $3,117 per ton in 2022, with an increase of 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 19% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($4,492 per ton), while the average price for exports to the Netherlands ($2,242 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 Israel (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy
In 2022, supplies from abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -30.9% to 19K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 27K tons, and then reduced rapidly in the following year.
In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced markedly to $42M in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $61M, and then shrank remarkably in the following year.
| Import of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 27.2 | 30.4 | 38.4 | 26.3 | -1.1% |
| Israel | 14.8 | 14.3 | 15.4 | 11.6 | -7.8% |
| United States | 5.2 | 5.4 | 4.5 | 2.5 | -21.7% |
| China | 0.4 | 1.4 | 1.6 | 0.3 | -9.1% |
| Others | 0.7 | 0.5 | 1.3 | 0.8 | 4.6% |
| Total | 48.2 | 52.1 | 61.2 | 41.6 | -4.8% |
Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Italy in 2022:
- Egypt (13.6K tons)
- Israel (3.4K tons)
- United States (1.3K tons)
- China (0.1K tons)
Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy
Exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Italy surged to 391 tons in 2022, jumping by 42% compared with 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 214%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell surged to $1.2M in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 257%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 8.8 | 6.1 | 75.3 | 436 | 267.3% |
| Netherlands | 30.8 | 3.0 | 414 | 418 | 138.5% |
| Germany | 5.7 | 14.0 | 49.5 | 97.0 | 157.2% |
| France | 121 | 56.4 | 25.5 | 51.5 | -24.8% |
| Israel | 68.8 | N/A | N/A | 49.1 | -10.6% |
| Slovenia | 83.4 | 142 | 9.5 | 41.3 | -20.9% |
| Egypt | N/A | N/A | N/A | 36.4 | 0% |
| Switzerland | N/A | N/A | 119 | N/A | 0% |
| United Kingdom | 79.5 | N/A | N/A | N/A | 0% |
| Others | 36.4 | 13.1 | 143 | 87.8 | 34.1% |
| Total | 435 | 234 | 836 | 1,218 | 40.9% |
Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Italy in 2022:
- Netherlands (186.7 tons)
- Austria (97.2 tons)
- Germany (31.5 tons)
- France (15.8 tons)
- Israel (14.3 tons)
- Egypt (14.3 tons)
- Slovenia (14.0 tons)
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This report provides an in-depth analysis of the groundnuts market in Italy.
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This report provides an in-depth analysis of the global groundnuts market.
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This report provides an in-depth analysis of the groundnuts market in Italy.
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This report provides an in-depth analysis of the global groundnuts market.
186
During the period analyzed, there was a significant decrease in imports. The value of Groundnuts imports rose to $1.4M in October 2023.
286
In June 2023, the price of Groundnuts reached $2,980 per ton (CIF, Italy), reflecting a 9.4% increase compared to the previous month.
1706
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
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Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
186
During the period analyzed, there was a significant decrease in imports. The value of Groundnuts imports rose to $1.4M in October 2023.
286
In June 2023, the price of Groundnuts reached $2,980 per ton (CIF, Italy), reflecting a 9.4% increase compared to the previous month.
1706
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
