Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United Arab Emirates - 2022

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,076 per ton in 2022, which is down by -17.5% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. As a result, import price attained the peak level of $1,406 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($1,742 per ton), while the price for Saudi Arabia ($633 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,552 per ton in 2022, with an increase of 22% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 35%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Bahrain ($1,800 per ton), while the average price for exports to Yemen ($505 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 Indonesia (+38.3%), 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 United Arab Emirates

In 2022, supplies from abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by 191% to 965 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a sharp reduction.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell skyrocketed to $1M in 2022. Overall, imports, however, faced a significant curtailment.

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

1. India (367.5 tons)
2. China (357.2 tons)
3. Sudan (62.7 tons)
4. Saudi Arabia (50.4 tons)
5. Mozambique (35.7 tons)
6. Brazil (31.4 tons)
7. Argentina (29.1 tons)

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

In 2022, approx. 181 tons of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were exported from the United Arab Emirates; waning by -48.8% compared with 2021. Over the period under review, exports faced a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 144% against the previous year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell fell dramatically to $281K in 2022. Overall, exports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 159%.

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

1. Oman (41.0 tons)
2. Iran (33.0 tons)
3. Iraq (30.2 tons)
4. Indonesia (17.4 tons)
5. Qatar (15.5 tons)
6. Bahrain (13.5 tons)
7. India (8.4 tons)
8. Kuwait (5.5 tons)
9. Yemen (3.9 tons)

Source: IndexBox Market Intelligence Platform