What is the price of peanut (groundnuts) per kilogram/pound in Cyprus today?
The retail price range for Cyprus peanut (groundnuts) is between US$ 5.74 and US$ 9.57 per kilogram or between US$ 2.60 and US$ 4.34 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Cyprus
The retail price range in Euro for peanut (groundnuts) is between EUR 5.30 and EUR 8.85 per kilogram or between EUR 2.41 and EUR 4.01 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus peanut (groundnuts) is between US$ 4.02 and US$ 6.70 per kilogram or between US$ 1.82 and US$ 3.04 per pound(lb).
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Cyprus Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Cyprus over the last five years has seen a steady decline. In 2012, the price was 8.60 US dollars per kg, which dropped to 6.55 US dollars per kg in 2013. This trend continued until 2015, when the price reached its lowest point of 3.50 US dollars per kg. Since then, the price has been gradually increasing, reaching 2.91 US dollars per kg in 2016, 3.54 US dollars per kg in 2017, 3.41 US dollars per kg in 2018, 5.47 US dollars per kg in 2019, 4.61 US dollars per kg in 2020, and 4.95 US dollars per kg in 2021. The most recent data shows that the export price per kilogram of Peanut (Groundnuts) from Cyprus is 3.21 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Cyprus will be 3.05 US dollars per kg in 2023 and 3.20 US dollars per kg in 2024.The exports of peanut (groundnuts) from Cyprus are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Cyprus Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Cyprus has seen a steady decline over the last five years. In 2012, the price was 8.60 US dollars per kg, but by 2016, it had dropped to 2.91 US dollars per kg. In 2017, the price rose slightly to 3.54 US dollars per kg, before dropping again to 3.41 US dollars per kg in 2018. In 2019, the price rose to 5.47 US dollars per kg, before dropping again to 4.61 US dollars per kg in 2020. The price then rose to 4.95 US dollars per kg in 2021, before dropping to 3.21 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Peanut (Groundnuts) into Cyprus will remain relatively stable in 2023, at around 3.21 US dollars per kg, and will increase slightly in 2024, to around 3.50 US dollars per kg.Export values for Cyprus peanut (groundnuts)
The total values in export for peanut (groundnuts) in Cyprus were US$ 453, US$ 1,160, US$ 1,311 and US$ 432 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 Cyprus: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Middle East: Bahrain peanut (groundnuts), Cyprus peanut (groundnuts), Iraq peanut (groundnuts), Israel peanut (groundnuts), Jordan peanut (groundnuts), Kuwait peanut (groundnuts), Lebanon peanut (groundnuts), Palestine peanut (groundnuts), Oman peanut (groundnuts) & Qatar peanut (groundnuts).
Cyprus peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The volume of peanut (groundnuts) sold by Cyprus in 2020 was 57 tons. In 2019 Cyprus shipped 79 tonnes of peanut (groundnuts). Through 2019 alone, the market for Cyprus peanut (groundnuts) (nuts and oil seeds category) has decreased, with a change of -79.481 % compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports reduced by -75.91 pc earning the exporter US$0.43m for the year 2019. Cyprus' peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Cyprus peanut (groundnuts) export values
In 2019, Cyprus shipped peanut (groundnuts) worth 0.43m USD, a reduction of -67.20% from 2018's total peanut (groundnuts) export of 1.311m USD. The annual reduction in value of Cyprus peanut (groundnuts) between 2017 to 2018 was 13.017 per cent.
The annual/yearly variation in the quantity of Cyprus' peanut (groundnuts) exports between 2017 and 2019 was -75.91 per cent in comparison to a variation of -79.481% in the period between 2018 and 2019.
Export markets for Cyprus peanut (groundnuts) ( in '000$ )
Cyprus' leading destinations for peanut (groundnuts) are Spain, United Kingdom (UK), South Africa, Germany and Greece.
Cyprus procured 623 tonnes of peanut (groundnuts) in 2019.