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

Contents:

1. Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Singapore (FOB) - 2022
2. Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Singapore (CIF) - 2022
3. Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Singapore
4. Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Singapore

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

In 2022, the average export price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $6,874 per ton, shrinking by -9.7% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $7,615 per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +21.2% per year.

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

In 2022, the average import price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $1,219 per ton, dropping by -2.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $1,254 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($8,775 per ton), while the price for Indonesia ($106 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (+110.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Singapore

In 2022, overseas shipments of ground-nuts; in shell, not roasted or otherwise cooked were finally on the rise to reach 326 tons after two years of decline. Overall, exports, however, saw a mild decrease.

In value terms, exports of ground-nuts; in shell, not roasted or otherwise cooked declined to $2.2M in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 20%.

Top Export Markets for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked from Singapore in 2022:

1. Indonesia (325.6 tons)

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

In 2022, purchases abroad of ground-nuts; in shell, not roasted or otherwise cooked increased by 8.2% to 78 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep slump.

In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked reached $95K in 2022. Over the period under review, imports, however, recorded a pronounced shrinkage.

Top Suppliers of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked to Singapore in 2022:

1. China (62.8 tons)
2. Taiwan (Chinese) (9.9 tons)
3. Indonesia (5.3 tons)

Source: IndexBox Market Intelligence Platform