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

Contents:

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

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

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,808 per ton, with an increase of 6.3% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell increased by +81.5% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 46%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,125 per ton), while the price for Thailand ($355 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $2,123 per ton in 2022, jumping by 42% against the previous year. Over the period under review, the export price recorded a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($4,785 per ton), while the average price for exports to Indonesia ($2,030 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 Seychelles (+25.3%), 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 Singapore

In 2022, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell into Singapore contracted rapidly to 365 tons, with a decrease of -45.9% against 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. As a result, imports attained the peak of 675 tons, and then declined rapidly in the following year.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell contracted remarkably to $661K in 2022. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports reached the peak of $1.1M, and then contracted sharply in the following year.

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

1. China (254.3 tons)
2. India (39.1 tons)
3. Vietnam (36.3 tons)
4. Malaysia (22.5 tons)
5. Thailand (10.5 tons)

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

In 2022, approx. 13 tons of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were exported from Singapore; declining by -77.8% against the previous year. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell dropped significantly to $27K in 2022. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 51%.

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

1. Indonesia (11.2 tons)
2. Malaysia (1.0 tons)
3. Seychelles (0.3 tons)

Source: IndexBox Market Intelligence Platform