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

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Pakistan (CIF) - 2023
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Pakistan (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Pakistan
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Pakistan

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Pakistan (CIF) - 2023

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $691 per ton in April 2023, growing by 1.5% against the previous month. In general, the import price showed slight growth. The pace of growth was the most pronounced in January 2023 an increase of 20% against the previous month. As a result, import price attained the peak level of $764 per ton. From February 2023 to April 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In April 2023, the country with the highest price was Nigeria ($701 per ton), while the price for Afghanistan totaled $634 per ton.

From June 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+0.3%).

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

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $800 per ton, picking up by 150% against the previous year. In general, the export price enjoyed a tangible expansion. The export price peaked at $2,355 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,724 per ton), while the average price for exports to Afghanistan stood at $388 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.2%).

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

Imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell into Pakistan skyrocketed to 1.7K tons in 2022, with an increase of 41% against the previous year. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,272%. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $1.2M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,366%. As a result, imports reached the peak of $1.5M. 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 Pakistan in 2022:

1. Afghanistan (1312.9 tons)
2. Nigeria (391.0 tons)

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

In 2022, overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -95.6% to 35 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 45,378%. As a result, the exports reached the peak of 809 tons, and then shrank significantly in the following year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell reduced notably to $28K in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 10,799%. As a result, the exports reached the peak of $259K, and then contracted remarkably in the following year.

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

1. Afghanistan (29.0 tons)
2. United Arab Emirates (6.2 tons)

Source: IndexBox Market Intelligence Platform