Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany - 2023

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany (CIF) - 2023
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany (CIF) - 2023

In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,043 per ton, growing by 9.6% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 19% month-to-month. As a result, import price attained the peak level of $2,417 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Uganda ($3,531 per ton), while the price for the United States ($1,895 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Egypt (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,991 per ton, waning by -31.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $2,898 per ton, and then shrank significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($8,127 per ton), while the average price for exports to Egypt ($1,447 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 Sweden (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell imported into Germany rose significantly to 24K tons, surging by 10% on the previous year's figure. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell rose significantly to $46M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Germany in 2022:

1. United States (12.4K tons)
2. Egypt (9.2K tons)
3. Israel (1.5K tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Germany

In 2022, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Germany skyrocketed to 1K tons, increasing by 93% on the previous year's figure. In general, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. As a result, the exports attained the peak of 2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell surged to $2.1M in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 170%. As a result, the exports attained the peak of $4.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Germany in 2022:

1. Slovakia (458.1 tons)
2. Netherlands (210.5 tons)
3. Austria (169.3 tons)
4. Egypt (126.4 tons)
5. United Kingdom (26.6 tons)
6. Italy (17.9 tons)
7. Switzerland (3.5 tons)
8. Luxembourg (2.7 tons)
9. Poland (1.3 tons)
10. Belgium (0.6 tons)
11. Czech Republic (0.1 tons)

Source: IndexBox Market Intelligence Platform