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

Contents:

1. Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in South Korea (CIF) - 2022
2. Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in South Korea

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

In 2022, the average import price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $1,866 per ton, which is down by -3.4% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ground-nuts; in shell, not roasted or otherwise cooked increased by +73.5% against 2012 indices. The pace of growth appeared the most rapid in 2017 an increase of 6.7%. The import price peaked at $1,932 per ton in 2021, and then dropped slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.6% per year.

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

After two years of decline, overseas purchases of ground-nuts; in shell, not roasted or otherwise cooked increased by 10% to 31 tons in 2022. Over the period under review, imports, however, continue to indicate a deep slump.

In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked reached $58K in 2022. In general, imports, however, showed a abrupt shrinkage.

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

1. China (31.1 tons)

Source: IndexBox Market Intelligence Platform