Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States - 2024
Contents:
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (FOB) - 2024
- Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (CIF) - 2022
- Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States
- Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States
Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (FOB) - 2024
The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,563 per ton in September 2023, jumping by 26% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +4.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Spain ($1,784 per ton), while the average price for exports to China ($917 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (CIF) - 2022
In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,822 per ton, growing by 266% against the previous year. In general, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +2.5% per year.
Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States
In 2022, shipments abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -11.1% to 143K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 213%. As a result, the exports attained the peak of 315K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell rose to $157M in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 145% against the previous year. As a result, the exports reached the peak of $246M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.0 | 191 | 83.2 | 64.1 | 18.0% |
| Mexico | 2.7 | 3.8 | 9.3 | 27.0 | 115.4% |
| Germany | 10.4 | 9.3 | 9.7 | 12.1 | 5.2% |
| Canada | 9.3 | 8.6 | 9.7 | 11.1 | 6.1% |
| United Kingdom | 1.1 | 0.4 | 6.7 | 9.0 | 101.5% |
| Spain | 2.9 | 5.7 | 6.1 | 7.1 | 34.8% |
| Netherlands | 5.1 | 8.6 | 7.5 | 6.6 | 9.0% |
| Trinidad and Tobago | 5.9 | 5.1 | 5.9 | 6.2 | 1.7% |
| Vietnam | 12.3 | 1.2 | 0.5 | 0.4 | -68.1% |
| Others | 11.7 | 11.9 | 14.7 | 13.0 | 3.6% |
| Total | 101 | 246 | 153 | 157 | 15.8% |
Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from the United States in 2022:
- China (73.6K tons)
- Mexico (21.6K tons)
- Germany (8.5K tons)
- Canada (7.4K tons)
- United Kingdom (6.0K tons)
- Netherlands (5.4K tons)
- Spain (5.4K tons)
- Trinidad and Tobago (3.9K tons)
- Vietnam (0.4K tons)
Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States
In 2022, supplies from abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -48.6% to 11 tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 545%. As a result, imports reached the peak of 22 tons, and then contracted remarkably in the following year.
In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $32K in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Canada | N/A | N/A | 31.7 | 0% | |
| Rwanda | N/A | 16.9 | N/A | 0% | |
| Dominican Republic | 7.1 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 7.1 | 16.9 | 31.7 | 111.3% | |
Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to the United States in 2022:
- Canada (11.2 tons)
741
This report provides an in-depth analysis of the groundnuts market in the U.S..
2497
This report provides an in-depth analysis of the global groundnuts market.
741
This report provides an in-depth analysis of the groundnuts market in the U.S..
2497
This report provides an in-depth analysis of the global groundnuts market.
791
In 2020, in-shell groundnut exports from the U.S. rose twofold in value terms and threefold in terms of volume thanks to explosive demand from China. The total volume of exports reached $243M or 312K tons. China remains the key destination for groundnut supplies from the U.S., accounting for 85% of the total figure. At the same time, shipments from the U.S. constitute 97% of the Chinese peanut imports.
1709
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.
1642
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
791
In 2020, in-shell groundnut exports from the U.S. rose twofold in value terms and threefold in terms of volume thanks to explosive demand from China. The total volume of exports reached $243M or 312K tons. China remains the key destination for groundnut supplies from the U.S., accounting for 85% of the total figure. At the same time, shipments from the U.S. constitute 97% of the Chinese peanut imports.
1709
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.
