Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand - 2024

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand (CIF) - 2024
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Thailand (CIF) - 2024

In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,279 per ton, surging by 71% against the previous month. In general, import price indicated a moderate increase from February 2023 to September 2023: its price increased at an average monthly rate of +3.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +99.5% against July 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Indonesia ($2,097 per ton), while the price for Lao People's Democratic Republic ($594 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+7.6%), 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 Thailand (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,243 per ton, which is down by -21.5% against the previous year. In general, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices attained the maximum at $1,707 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,061 per ton), while the average price for exports to Vietnam ($398 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 Malaysia (+22.6%), 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 Thailand

After three years of growth, purchases abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -8.8% to 9.1K tons in 2022. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 10K tons, and then declined in the following year.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell fell to $7.3M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $7.8M, and then dropped in the following year.

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

1. Lao People's Democratic Republic (4.1K tons)
2. Myanmar (3.8K tons)
3. China (0.9K tons)
4. Vietnam (0.2K tons)

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

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell exported from Thailand declined slightly to 707 tons, remaining stable against the previous year's figure. In general, exports saw a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell dropped dramatically to $879K in 2022. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year.

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

1. Vietnam (297.9 tons)
2. Malaysia (289.0 tons)
3. United States (93.6 tons)
4. China (13.6 tons)
5. Lao People's Democratic Republic (12.8 tons)

Source: IndexBox Market Intelligence Platform