Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in the United Arab Emirates - 2022

Contents:

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

Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in the United Arab Emirates (CIF) - 2022

The average import price for ground-nuts; in shell, not roasted or otherwise cooked stood at $1,136 per ton in 2022, reducing by -4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 8.4% against the previous year. As a result, import price reached the peak level of $1,183 per ton, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mozambique ($4,560 per ton), while the price for Malaysia ($78 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+98.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $852 per ton, growing by 1.9% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of 16%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +8.6% per year.

Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in the United Arab Emirates

In 2022, after two years of decline, there was growth in purchases abroad of ground-nuts; in shell, not roasted or otherwise cooked, when their volume increased by 3.2% to 43 tons. Overall, imports, however, saw a noticeable descent.

In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked dropped modestly to $49K in 2022. Over the period under review, imports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 2% against the previous year. As a result, imports reached the peak of $49K, leveling off in the following year.

Top Suppliers of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked to the United Arab Emirates in 2022:

1. China (30.7 tons)
2. Malaysia (5.0 tons)
3. Mozambique (5.0 tons)
4. India (2.0 tons)

Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in the United Arab Emirates

In 2022, exports of ground-nuts; in shell, not roasted or otherwise cooked from the United Arab Emirates dropped slightly to 9.7 tons, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports continue to indicate a drastic downturn.

In value terms, exports of ground-nuts; in shell, not roasted or otherwise cooked amounted to $8.3K in 2022. Overall, exports showed a slight decrease.

Top Export Markets for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked from the United Arab Emirates in 2022:

1. Iran (9.7 tons)

Source: IndexBox Market Intelligence Platform