Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam - 2022
Contents:
- Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (FOB) - 2022
- Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (CIF) - 2022
- Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam
- Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam
Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (FOB) - 2022
The average export price for ground-nuts; in shell, not roasted or otherwise cooked stood at $6,929 per ton in 2022, shrinking by -6.8% against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17%. As a result, the export price reached the peak level of $7,434 per ton, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($66,700 per ton), while the average price for exports to Indonesia ($405 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 Thailand (+31.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (CIF) - 2022
The average import price for ground-nuts; in shell, not roasted or otherwise cooked stood at $1,140 per ton in 2022, dropping by -3.7% against the previous year. Over the period under review, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2018 an increase of 8% against the previous year. Over the period under review, average import prices attained the maximum at $1,293 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 China ($10,464 per ton), while the price for Gambia ($451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+55.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam
In 2022, after two years of decline, there was growth in shipments abroad of ground-nuts; in shell, not roasted or otherwise cooked, when their volume increased by 3.8% to 355 tons. In general, exports, however, recorded a perceptible decline.
In value terms, exports of ground-nuts; in shell, not roasted or otherwise cooked declined slightly to $2.5M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 7%. As a result, the exports attained the peak of $2.5M, and then fell in the following year.
| Export of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1,593 | 1,812 | 2,040 | 2,058 | 8.9% |
| Thailand | 577 | 522 | 468 | 376 | -13.3% |
| Indonesia | 9.5 | 7.2 | 5.4 | 3.6 | -27.6% |
| Others | 40.8 | 34.7 | 29.3 | 22.2 | -18.4% |
| Total | 2,221 | 2,376 | 2,543 | 2,460 | 3.5% |
Top Export Markets for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked from Vietnam in 2022:
- Philippines (335.2 tons)
- Indonesia (9.0 tons)
- Thailand (5.6 tons)
Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam
In 2022, overseas purchases of ground-nuts; in shell, not roasted or otherwise cooked increased by 0.7% to 673 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a relatively flat trend pattern.
In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked declined modestly to $768K in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 6.5% against the previous year.
| Import of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 385 | 412 | 441 | 430 | 3.8% |
| China | 183 | 196 | 209 | 204 | 3.7% |
| Gambia | 85.6 | 87.4 | 89.1 | 82.8 | -1.1% |
| Hong Kong SAR | 45.3 | 48.5 | 52.0 | 50.6 | 3.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 698 | 743 | 792 | 768 | 3.2% |
Top Suppliers of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked to Vietnam in 2022:
- India (409.9 tons)
- Gambia (183.4 tons)
- Hong Kong SAR (60.5 tons)
- China (19.5 tons)
802
This report provides an in-depth analysis of the groundnuts market in Vietnam.
2493
This report provides an in-depth analysis of the global groundnuts market.
802
This report provides an in-depth analysis of the groundnuts market in Vietnam.
2493
This report provides an in-depth analysis of the global groundnuts market.
1704
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
1641
Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
1704
In 2022, peanut prices are forecast to remain stable due to rising global production. This year, the world’s peanut seed output is set to reach a record 50.7M tons, increasing by 2.3% y/y.
