Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Norway - 2022

Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Norway (CIF) - 2022

In 2022, the average import price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $12,425 per ton, declining by -8.4% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $13,565 per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($16,663 per ton), while the price for China totaled $12,308 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.2%).

Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Norway

In 2022, purchases abroad of ground-nuts; in shell, not roasted or otherwise cooked was finally on the rise to reach 38 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable shrinkage.

In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked dropped to $477K in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.9%.