What is the price of peanut (groundnuts) per kilogram/pound in Australia today?
The retail price range for Australia peanut (groundnuts) is between US$ 5.43 and US$ 7.75 per kilogram or between US$ 2.46 and US$ 3.52 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Australia
The retail price range in Australian Dollar for peanut (groundnuts) is between AUD 8.16 and AUD 11.66 per kilogram or between AUD 3.70 and AUD 5.29 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia peanut (groundnuts) is between US$ 3.80 and US$ 5.43 per kilogram or between US$ 1.72 and US$ 2.46 per pound(lb).
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Australia Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Australia has seen a steady increase over the last five years. In 2017, the price was 2.89 US $ per kg, which increased to 3.14 US $ per kg in 2019. The highest price was recorded in 2021, at 3.65 US $ per kg. The current price is 3.92 US $ per kg. Based on the data, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Australia will be 4.19 US $ per kg in 2023 and 4.46 US $ per kg in 2024.The Australia peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Australia Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Australia has been quite volatile over the last five years. In 2016, the price was at its highest at $3.15, before dropping to $2.89 in 2017. The price then rose to $3.14 in 2019, before dropping again to $3.1 in 2020. This year, the price has increased to $3.65, and is expected to rise further to $3.92 in 2022. Looking ahead, it is likely that the import price per kilogram of Peanut (Groundnuts) into Australia will continue to increase in the coming years. We predict that the price will reach $4.00 in 2023 and $4.20 in 2024.Export values for Australia peanut (groundnuts)
The total values in export for peanut (groundnuts) in Australia were US$ 5,114, US$ 4,575, US$ 6,307 and US$ 7,044 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts and Oil Seeds category in Australia: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Oceania: Fiji peanut (groundnuts), French Polynesia peanut (groundnuts), Guam peanut (groundnuts), Micronesia peanut (groundnuts), New Caledonia peanut (groundnuts), Papua New Guinea peanut (groundnuts), Samoa peanut (groundnuts), Solomon Islands peanut (groundnuts), Tonga peanut (groundnuts) & Vanuatu peanut (groundnuts).
Australia peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnuts) exported by Australia in 2020 was 1,442 tons. In 2019 Australia shipped 2,240 tonnes of peanut (groundnuts). Across 2019 alone, the market for Australia peanut (groundnuts) (nuts and oil seeds category) has climbed, recording a change of 0.58374495 % compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports increased by 41.41 pc bringing the country US$7.04m for the year 2019. Australia's peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Australia peanut (groundnuts) export values
In 2019, Australia exported peanut (groundnuts) valued at 7.04m USD, a growth of 11.62% from 2018's total peanut (groundnuts) export of 6.307m USD. The annual growth in value of Australia peanut (groundnuts) between 2017 to 2018 was 37.858 pc.
The annual variation in the quantity of Australia's peanut (groundnuts) exports between 2017 and 2019 was 41.41 percent compared to a variation of 0.58374495% in the period between 2018 and 2019.
Australia's portion of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. Australia is ranked number 16 in world exports of peanut (groundnuts).
Export markets for Australia peanut (groundnuts) ( in '000$ )
Australia's leading export markets for peanut (groundnuts) are New Zealand, China, Japan, South Africa and Fiji.
Import/Export Trends
Australia is a net importer of peanut (groundnuts). The annual growth of Australia peanut (groundnuts) in value between 2015 to 2019 was -5%, per annum, while annual growth in quantity during the same period was -7%, per annum.
Australia purchased 8,373 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Australia was 14,161 tonnes in 2019 and is estimated to change by an average of -5.45%. The country had approximately 4,344.00 hectares under peanut (groundnuts) cultivation.