United Kingdom - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnuts Price in the UK - 2023
Contents:
- Groundnuts Price in the UK (CIF) - 2022
- Groundnuts Price in the UK (FOB) - 2022
- Groundnuts Imports in the UK
- Groundnuts Exports in the UK
Groundnuts Price in the UK (CIF) - 2022
In 2022, the average groundnuts import price amounted to $1,797 per ton, approximately equating the previous year. In general, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $2,151 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($2,307 per ton), while the price for Nigeria ($1,097 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Groundnuts Price in the UK (FOB) - 2022
In 2022, the average groundnuts export price amounted to $4,359 per ton, waning by -3.6% against the previous year. In general, the export price, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 130% against the previous year. As a result, the export price attained the peak level of $4,786 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($5,597 per ton), while the average price for exports to the Netherlands ($2,031 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 Germany (+13.6%), while the prices for the other major destinations experienced a decline.
Groundnuts Imports in the UK
In 2022, imports of ground-nut (in-shell) into the UK expanded remarkably to 3.5K tons, increasing by 13% against the previous year. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, groundnuts imports rose sharply to $6.3M in 2022. The total import value increased at an average annual rate of +12.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Groundnuts in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 594 | 276 | 574 | 2,306 | 57.2% |
Egypt | 20.0 | 48.4 | 498 | 1,357 | 307.9% |
China | 3,411 | 3,873 | 2,855 | 1,343 | -26.7% |
Argentina | 44.9 | 421 | 955 | 503 | 123.8% |
Uganda | 56.6 | 33.7 | 99.8 | 385 | 89.5% |
Uzbekistan | N/A | N/A | 25.3 | 239 | 844.7% |
Nigeria | 14.8 | 18.8 | 122 | 123 | 102.6% |
Netherlands | 173 | 265 | 248 | N/A | 19.7% |
Others | 107 | 38.8 | 164 | 51.4 | -21.7% |
Total | 4,421 | 4,975 | 5,541 | 6,307 | 12.6% |
Top Suppliers of Groundnuts to the UK in 2022:
- United States (1288.5 tons)
- Egypt (818.2 tons)
- China (582.2 tons)
- Argentina (271.7 tons)
- Uganda (268.9 tons)
- Uzbekistan (147.0 tons)
- Nigeria (111.7 tons)
Groundnuts Exports in the UK
In 2022, approx. 136 tons of ground-nut (in-shell) were exported from the UK; rising by 19% compared with the previous year. Overall, exports, however, showed a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 48%. As a result, the exports attained the peak of 428 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, groundnuts exports rose rapidly to $592K in 2022. Over the period under review, exports, however, saw a drastic downturn.
Export of Groundnuts in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 603 | 244 | 507 | 214 | -29.2% |
Netherlands | 153 | 463 | N/A | 26.4 | -44.3% |
France | N/A | N/A | N/A | 7.0 | 0% |
China | N/A | 32.2 | 3.4 | N/A | -89.4% |
Poland | N/A | 110 | N/A | N/A | 0% |
Others | N/A | 0.1 | 4.2 | 345 | 5773.7% |
Total | 755 | 850 | 515 | 592 | -7.8% |
Top Export Markets for Groundnuts from the UK in 2022:
- Ireland (48.9 tons)
- Netherlands (13.0 tons)
- France (3.2 tons)
This report provides an in-depth analysis of the groundnuts market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 242 - Groundnuts, in shell
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the groundnuts market in the UK.
This report provides an in-depth analysis of the global groundnuts market.
This report provides an in-depth analysis of the groundnuts market in the UK.
This report provides an in-depth analysis of the global groundnuts market.
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In July 2022, the groundnuts price amounted to $1,842 per ton (CIF, United Kingdom), declining by -2.9% against the previous month.
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