What is the price of groundnuts (peanuts) per kilogram/pound in Burkina Faso today?
The retail price range for Burkina Faso groundnuts (peanuts) is between US$ 0.86 and US$ 2.38 per kilogram or between US$ 0.39 and US$ 1.08 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Burkina Faso
The retail price range in CFA Franc BCEAO for groundnuts (peanuts) is between XOF 521.78 and XOF 1,449.39 per kilogram or between XOF 236.64 and XOF 657.32 per pound(lb) in Ouagadougou and Bobo Dioulasso.
Wholesale prices
In 2024, the approximate wholesale price range for Burkina Faso groundnuts (peanuts) is between US$ 0.60 and US$ 1.66 per kilogram or between US$ 0.27 and US$ 0.75 per pound(lb).
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Burkina Faso Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from Burkina Faso over the last five years has seen a significant fluctuation. In 2017 and 2018, the price was 0.34 US$ per kg, before dropping to 0.12 US$ per kg in 2019. This was followed by a sharp increase to 0.45 US$ per kg in 2020, before settling at 0.22 US$ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from Burkina Faso in 2023 will be around 0.30 US$ per kg, and in 2024 will be around 0.25 US$ per kg.The exports of groundnuts (peanuts) from Burkina Faso are classified as:
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnut seed, for sowing (HS code 120230)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
Burkina Faso Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into Burkina Faso over the last five years has been quite varied. In 2016 and 2017, the price was 0.34 US $ per kg, while in 2015 it was 0.43 US $ per kg. In 2014, the price was significantly higher at 1.77 US $ per kg. In the last two years, the price has been relatively low, with 0.12 US $ per kg in 2018 and 0.45 US $ per kg in 2019. The price in 2020 was 0.19 US $ per kg and in 2021 it was 0.22 US $ per kg. Based on this data, it is likely that the import price per kilogram of Groundnuts (Peanuts) into Burkina Faso in 2023 and 2024 will remain relatively low, with an estimated price of 0.20 US $ per kg in 2023 and 0.25 US $ per kg in 2024.Export values for Burkina Faso groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Burkina Faso were US$ 2,821, US$ 5,197, US$ 5 and US$ 283 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Burkina Faso: 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).
Burkina Faso groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Burkina Faso exported 631 tonnes of groundnuts (peanuts). Through 2019 alone, the market for Burkina Faso groundnuts (peanuts) (nuts category) has escalated, with a change of 1402.381 pc compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports reduced by -95.83 pc earning Burkina Faso US$0.28m for the year 2019. Burkina Faso's groundnuts (peanuts) exports are classified as:
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
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Burkina Faso groundnuts (peanuts) export values
In 2019, Burkina Faso exported groundnuts (peanuts) costing 0.28m USD, an improvement of 5,500.00% from 2018's total groundnuts (peanuts) export of 0.005m USD. The yearly change in value of Burkina Faso groundnuts (peanuts) between 2017 to 2018 was -99.904 per cent.
The annual/yearly variation in the amount of Burkina Faso's groundnuts (peanuts) exports between 2017 and 2019 was -95.83 pc when compared to a variation of 1402.381% in the growth rate between 2018 and 2019.
Export markets for Burkina Faso groundnuts (peanuts) ( in '000$ )
Burkina Faso's best performing destinations for groundnuts (peanuts) are Togo, Benin, the Netherlands, Germany and France.
Burkina Faso ordered 428 tonnes of groundnuts (peanuts) in 2019.