What is the price of peanut (groundnut) oil per kilogram/pound in China today?
The retail price range for China peanut (groundnut) oil is between US$ 3.24 and US$ 4.22 per kilogram or between US$ 1.47 and US$ 1.91 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in China
The retail price range in Yuan Renminbi for peanut (groundnut) oil is between CNY 22.70 and CNY 29.58 per kilogram or between CNY 10.29 and CNY 13.41 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China peanut (groundnut) oil is between US$ 2.27 and US$ 2.95 per kilogram or between US$ 1.03 and US$ 1.34 per pound(lb).
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China Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from China has seen a steady decline over the last five years. In 2017, the price was 2.46 US dollars per kg, and in 2021 it was 2.57 US dollars per kg. The lowest price was recorded in 2018, when it was 2.04 US dollars per kg. The price has since increased to 2.15 US dollars per kg in 2020. Based on the data, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from China will be 2.41 US dollars in 2023 and 2.35 US dollars in 2024.The exports of peanut (groundnut) oil from China are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
China Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into China has seen a steady decline over the past five years. In 2012, the price was 3.26 US dollars per kg, which dropped to 3.16 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 2.30 US dollars per kg. In 2015, the price rose slightly to 2.54 US dollars per kg, before dropping again to 2.67 US dollars per kg in 2016. The price then decreased further to 2.46 US dollars per kg in 2017 and 2.04 US dollars per kg in 2018. In 2019, the price dropped to 1.91 US dollars per kg, before rising again to 2.15 US dollars per kg in 2020. The price then increased to 2.57 US dollars per kg in 2021 and 2.49 US dollars per kg in 2022. Based on this trend, it is likely that the price of Peanut (Groundnut) Oil into China will be around 2.41 US dollars per kg in 2023 and 2.35 US dollars per kg in 2024.Export values for China peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in China were US$ 25,149, US$ 20,840, US$ 20,731 and US$ 18,748 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of peanut (groundnut) oil in other countries across Asia: Kazakhstan peanut (groundnut) oil, Kyrgyzstan peanut (groundnut) oil, Tajikistan peanut (groundnut) oil, Turkmenistan peanut (groundnut) oil, Uzbekistan peanut (groundnut) oil, China peanut (groundnut) oil, Hong Kong peanut (groundnut) oil, Macao peanut (groundnut) oil, North Korea peanut (groundnut) oil & Mongolia peanut (groundnut) oil.
China peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China shipped 9,834 tonnes of peanut (groundnut) oil. For 2019 alone, the demand for China peanut (groundnut) oil (processed category) has decreased, flactuating by -3.199 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went up by 16.08 percent earning China US$18.75m for the year 2019. China's peanut (groundnut) oil exports are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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China peanut (groundnut) oil export values
In 2019, China exported peanut (groundnut) oil worth 18.75m USD, a contraction of -9.56% from 2018's total peanut (groundnut) oil export of 20.731m USD. The annual reduction in value of China peanut (groundnut) oil between 2017 to 2018 was -0.52303263%.
The annual change in the amount of China's peanut (groundnut) oil exports between 2017 and 2019 was 16.08% compared to a variation of -3.199% in the period between 2018 and 2019.
Export markets for China peanut (groundnut) oil ( in '000$ )
China's best performing export markets for peanut (groundnut) oil are Hong Kong, Malaysia, Macao, Japan and US.
China procured 194,415 tonnes of peanut (groundnut) oil in 2019.