What is the price of groundnuts (peanuts) per kilogram/pound in China today?
The retail price range for China groundnuts (peanuts) is between US$ 4.76 and US$ 8.26 per kilogram or between US$ 2.16 and US$ 3.75 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in China
The retail price range in Yuan Renminbi for groundnuts (peanuts) is between CNY 33.39 and CNY 57.91 per kilogram or between CNY 15.14 and CNY 26.27 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China groundnuts (peanuts) is between US$ 3.33 and US$ 5.78 per kilogram or between US$ 1.51 and US$ 2.62 per pound(lb).
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China Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from China over the last five years has been relatively stable. In 2017, the price was 1.51 US $ per kg, followed by 1.40 US $ per kg in 2018, 1.38 US $ per kg in 2019, 1.56 US $ per kg in 2020, and 1.69 US $ per kg in 2021. The highest price was observed in 2021, while the lowest price was observed in 2018. Based on this data, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from China in 2023 will be 1.71 US $ per kg and in 2024 will be 1.73 US $ per kg.The China groundnuts (peanuts) exports are categorised as:
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- 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)
China Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into China has been relatively stable over the last five years. In 2017, the price was $1.51, followed by $1.40 in 2018, $1.38 in 2019, $1.56 in 2020, and $1.69 in 2021. The price increased slightly in 2021 to $1.71. Based on this trend, it is predicted that the import price per kilogram of Groundnuts (Peanuts) into China will be $1.73 in 2023 and $1.75 in 2024.Export values for China groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in China were US$ 191,187, US$ 224,810, US$ 278,586 and US$ 263,824 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in China: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Asia: Kazakhstan groundnuts (peanuts), Kyrgyzstan groundnuts (peanuts), Tajikistan groundnuts (peanuts), Turkmenistan groundnuts (peanuts), Uzbekistan groundnuts (peanuts), China groundnuts (peanuts), Hong Kong groundnuts (peanuts), Macao groundnuts (peanuts), North Korea groundnuts (peanuts) & Mongolia groundnuts (peanuts).
China groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 191,421 tonnes of groundnuts (peanuts). Across 2019 alone, the market for China groundnuts (peanuts) (nuts category) has reduced, with a change of -3.596 pc compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports went up by 28.71 percent bringing the country US$263.82m for the year 2019. China's groundnuts (peanuts) exports are classified as:
- Groundnut seed, for sowing (HS code 120230)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
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China groundnuts (peanuts) export values
In 2019, China supplied groundnuts (peanuts) costing 263.82m USD, a contraction of -5.30% from 2018's total groundnuts (peanuts) export of 278.586m USD. The yearly reduction in value of China groundnuts (peanuts) between 2017 to 2018 was 23.921 percent.
The per year variation in the volume of China's groundnuts (peanuts) exports between 2017 and 2019 was 28.71% compared to a variation of -3.596% in the period between 2018 and 2019.
China's share of the world's total groundnuts (peanuts)'s exports in 2019 was 56.9 percent. China is ranked position 1 in world exports of groundnuts (peanuts).
Export markets for China groundnuts (peanuts) ( in '000$ )
China's top destinations for groundnuts (peanuts) are the Philippines, the Netherlands, Thailand, Malaysia and Canada.
Import/Export Trends
China is a net exporter of groundnuts (peanuts). The annual growth of China groundnuts (peanuts) in value between 2015 to 2019 was 2%, per year, while annual growth in quantity for the same period was -5%, per annum.
China procured 478,834 tonnes of groundnuts (peanuts) in 2019.