What is the price of groundnuts (peanuts) per kilogram/pound in Benin today?
The retail price range for Benin groundnuts (peanuts) is between US$ 0.98 and US$ 1.96 per kilogram or between US$ 0.44 and US$ 0.89 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Benin
The retail price range in CFA Franc BCEAO for groundnuts (peanuts) is between XOF 597.99 and XOF 1,195.98 per kilogram or between XOF 271.20 and XOF 542.39 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin groundnuts (peanuts) is between US$ 0.69 and US$ 1.37 per kilogram or between US$ 0.31 and US$ 0.62 per pound(lb).
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Benin Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price of Groundnuts (Peanuts) from Benin has seen a steady increase over the past five years. In 2018, the export price per kilogram was $1.45, which increased to $1.60 in 2019. In 2020, the price rose to $1.75, and in 2021 it further increased to $1.90. The most recent data shows that the export price per kilogram of Groundnuts (Peanuts) from Benin was $2.05 in 2022. This represents an increase of 40% from 2018 to 2022. Based on this trend, it is likely that the export price per kilogram of Groundnuts (Peanuts) from Benin will be around $2.20 in 2023 and $2.35 in 2024.The Benin groundnuts (peanuts) exports are classified as:
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
Benin Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price of Groundnuts (Peanuts) into Benin has seen a steady increase over the past five years. In 2018, the import price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60 per kilogram, and in 2021 it further increased to $0.70. The most recent data shows that the import price per kilogram of Groundnuts (Peanuts) into Benin was $0.80 in 2022. This steady increase in the import price of Groundnuts (Peanuts) into Benin over the past five years suggests that the price is likely to continue to rise in the coming years. Based on this trend, it is predicted that the import price per kilogram of Groundnuts (Peanuts) into Benin will be $0.90 in 2023 and $1.00 in 2024.Export values for Benin groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Benin were US$ 78, US$ 143, US$ 25 and US$ 10 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Benin: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Africa: Algeria groundnuts (peanuts), Angola groundnuts (peanuts), Botswana groundnuts (peanuts), Burundi groundnuts (peanuts), Cameroon groundnuts (peanuts), Cape Verde groundnuts (peanuts), Central African Republic groundnuts (peanuts), Comoros groundnuts (peanuts), DRC Congo groundnuts (peanuts) & Benin groundnuts (peanuts).
Benin groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin shipped 22 tonnes of groundnuts (peanuts). In 2019 alone, the market for Benin groundnuts (peanuts) (nuts category) has reduced, changing by -71.795 percent compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports went down by -93.06% bringing the nation US$0.01m for the year 2019. Benin's groundnuts (peanuts) exports are classified as:
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
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Benin groundnuts (peanuts) export values
In 2019, Benin sold groundnuts (peanuts) valued at 0.01m USD, a decrease of -60.00% from 2018's total groundnuts (peanuts) export of 0.025m USD. The annual change in value of Benin groundnuts (peanuts) between 2017 to 2018 was -82.517 pc.
The annual/yearly variation in the volume of Benin's groundnuts (peanuts) exports between 2017 and 2019 was -93.06 per cent in comparison to a variation of -71.795% in the period between 2018 and 2019.
Export markets for Benin groundnuts (peanuts) ( in '000$ )
Benin's top export markets for groundnuts (peanuts) are US, United Arab Emirates (UAE), South Africa, Belgium and Turkey.
Benin imported 1,455 tonnes of groundnuts (peanuts) in 2019.