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

Contents:

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

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

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,127 per ton in 2022, surging by 3.3% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +14.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $1,547 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,478 per ton), while the price for India ($1,036 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%), 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 Iran (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $397 per ton, with a decrease of -36.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 49% against the previous year. As a result, the export price reached the peak level of $976 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($1,098 per ton), while the average price for exports to Turkey ($184 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 Pakistan (+0.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell was finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, 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.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $1.4M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (956.9 tons)
2. United Arab Emirates (190.6 tons)
3. China (85.0 tons)

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

Exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Iran surged to 103 tons in 2022, picking up by 3,012% on the previous year's figure. In general, exports enjoyed a significant increase.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell surged to $41K in 2022. Overall, exports recorded a significant increase.

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

1. Turkey (75.6 tons)
2. Pakistan (13.2 tons)
3. Iraq (11.7 tons)

Source: IndexBox Market Intelligence Platform