Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Argentina - 2022

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Argentina (FOB) - 2022
2. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Argentina

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

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,728 per ton, picking up by 16% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 52%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Luxembourg ($2,007 per ton), while the average price for exports to South Africa ($1,178 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 Chile (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas shipments of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -44.6% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of 3.2K tons, and then plummeted in the following year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell contracted notably to $3.1M in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of $4.7M, and then reduced notably in the following year.

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

1. Netherlands (218.2 tons)
2. United Kingdom (215.7 tons)
3. Finland (181.5 tons)
4. Sweden (162.7 tons)
5. Luxembourg (132.2 tons)
6. Romania (131.3 tons)
7. Czech Republic (115.9 tons)
8. Serbia (83.8 tons)
9. North Macedonia (83.0 tons)
10. Chile (57.1 tons)
11. France (50.1 tons)
12. South Africa (42.2 tons)

Source: IndexBox Market Intelligence Platform