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

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $2,755 per ton in September 2023, rising by 25% against the previous month. Over the period under review, import price indicated a resilient increase from December 2022 to September 2023: its price increased at an average monthly rate of +5.2% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +66.4% against June 2023 indices. The pace of growth was the most pronounced in August 2023 when the average import price increased by 32% m-o-m. Over the period under review, average import prices reached the peak figure at $2,909 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,979 per ton), while the price for Argentina ($1,584 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In September 2023, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,892 per ton, waning by -15.8% against the previous month. Overall, export price indicated mild growth from December 2022 to September 2023: its price increased at an average monthly rate of +1.8% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +5.3% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 63% against the previous month. As a result, the export price reached the peak level of $3,585 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2023, the country with the highest price was the UK ($2,334 per ton), while the average price for exports to Ukraine stood at $1,707 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.3%), 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 the Netherlands

In 2022, approx. 3.4K tons of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were imported into the Netherlands; falling by -15.1% against the previous year. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.9%.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined remarkably to $6.7M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $7.9M, and then fell dramatically in the following year.

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

1. United States (773.5 tons)
2. Egypt (624.4 tons)
3. China (601.0 tons)
4. Uzbekistan (364.8 tons)
5. Argentina (275.0 tons)
6. Brazil (200.0 tons)
7. Belgium (128.2 tons)
8. Germany (103.4 tons)

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

In 2022, shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell was finally on the rise to reach 1.5K tons after two years of decline. In general, exports, however, showed a mild decrease.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $3.7M in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (428.4 tons)
2. France (373.8 tons)
3. United Kingdom (153.8 tons)
4. Estonia (141.2 tons)
5. Belgium (71.7 tons)
6. Romania (64.1 tons)
7. Poland (44.8 tons)
8. Ukraine (42.5 tons)
9. Czech Republic (30.4 tons)
10. Hungary (29.9 tons)
11. Norway (22.4 tons)
12. Switzerland (8.4 tons)
13. Slovenia (0.1 tons)

Source: IndexBox Market Intelligence Platform