Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina - 2022
Contents:
- Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina (FOB) - 2022
- Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina
Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina (FOB) - 2022
The average export price for ground-nuts; in shell, not roasted or otherwise cooked stood at $648 per ton in 2022, with a decrease of -1.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2015 an increase of 3.8%. The export price peaked at $915 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the UK ($1,633 per ton), while the average price for exports to the Philippines ($135 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 the UK (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina
After three years of growth, shipments abroad of ground-nuts; in shell, not roasted or otherwise cooked decreased by -5.4% to 2K tons in 2022. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year.
In value terms, exports of ground-nuts; in shell, not roasted or otherwise cooked reduced to $1.3M in 2022. The total export value increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.
| Export of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 569 | 639 | 717 | 646 | 4.3% |
| United Kingdom | 199 | 237 | 282 | 269 | 10.6% |
| Netherlands | 141 | 176 | 219 | 218 | 15.6% |
| Poland | 72.5 | 82.2 | 93.1 | 84.6 | 5.3% |
| Philippines | 42.6 | 53.1 | 66.1 | 66.0 | 15.7% |
| Others | 38.7 | 42.9 | 48.0 | 43.3 | 3.8% |
| Total | 1,062 | 1,230 | 1,425 | 1,327 | 7.7% |
Top Export Markets for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked from Argentina in 2022:
- Germany (555.2 tons)
- Philippines (487.8 tons)
- Netherlands (482.3 tons)
- Poland (317.9 tons)
- United Kingdom (164.8 tons)
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This report provides an in-depth analysis of the groundnuts market in Argentina.
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