What is the price of peanut (groundnut) oil per kilogram/pound in Germany today?
The retail price range for Germany peanut (groundnut) oil is between US$ 2.89 and US$ 6.46 per kilogram or between US$ 1.31 and US$ 2.93 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Germany
The retail price range in Euro for peanut (groundnut) oil is between EUR 2.67 and EUR 5.97 per kilogram or between EUR 1.21 and EUR 2.71 per pound(lb) in Berlin and Leipzig.
Wholesale prices
In 2024, the approximate wholesale price range for Germany peanut (groundnut) oil is between US$ 2.02 and US$ 4.52 per kilogram or between US$ 0.92 and US$ 2.05 per pound(lb).
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Germany Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Germany has seen a steady increase over the last five years. In 2017, the price was 3.65 US $ per kg, which increased to 4.18 US $ per kg in 2022. This represents an increase of 14.5% over the five year period. The highest price was recorded in 2021, at 3.94 US $ per kg. Based on the current trend, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from Germany will be 4.41 US $ per kg in 2023 and 4.68 US $ per kg in 2024.The exports of peanut (groundnut) oil from Germany are classified as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
Germany Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Germany has seen a fluctuating trend over the last five years. In 2012, the price was 4.35 US dollars per kg, which dropped to 3.88 US dollars per kg in 2013. This was followed by a further decrease to 2.79 US dollars per kg in 2014. In 2015, the price rose to 3.23 US dollars per kg, before dropping again to 2.81 US dollars per kg in 2016. The price then increased to 3.65 US dollars per kg in 2017, before dropping to 2.88 US dollars per kg in 2018. In 2019, the price rose to 3.01 US dollars per kg, before increasing to 3.38 US dollars per kg in 2020. The price then rose to 3.94 US dollars per kg in 2021, before increasing to 4.18 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Peanut (Groundnut) Oil into Germany will be 4.41 US dollars per kg in 2023 and 4.65 US dollars per kg in 2024.Export values for Germany peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Germany were US$ 3,019, US$ 3,519, US$ 3,844 and US$ 2,719 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Germany: 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 Europe: Georgia peanut (groundnut) oil, Albania peanut (groundnut) oil, Belarus peanut (groundnut) oil, Bosnia and Herzegovina peanut (groundnut) oil, Bulgaria peanut (groundnut) oil, Croatia peanut (groundnut) oil, Czech Republic peanut (groundnut) oil, Estonia peanut (groundnut) oil, Greece peanut (groundnut) oil & Hungary peanut (groundnut) oil.
Germany peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of peanut (groundnut) oil shipped by Germany in 2020 was 983 tonnes. In 2019 Germany exported 903 tonnes of peanut (groundnut) oil. Across 2019 alone, the demand for Germany peanut (groundnut) oil (processed category) has reduced, flactuating by -32.41 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports reduced by -6.23 percent netting the nation US$2.72m for the year 2019. Germany's peanut (groundnut) oil exports are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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Germany peanut (groundnut) oil export values
In 2019, Germany supplied peanut (groundnut) oil with a value of 2.72m USD, a contraction of -29.24% from 2018's total peanut (groundnut) oil export of 3.844m USD. The yearly reduction in value of Germany peanut (groundnut) oil between 2017 to 2018 was 9.236 pc.
The annual/yearly change in the volume of Germany's peanut (groundnut) oil exports between 2017 and 2019 was -6.23 percent when compared to a variation of -32.41% in the growth rate between 2018 and 2019.
Export markets for Germany peanut (groundnut) oil ( in '000$ )
Germany's best performing destinations for peanut (groundnut) oil are Austria, the Netherlands, Italy, Switzerland and United Kingdom (UK).
Germany purchased 4,290 tonnes of peanut (groundnut) oil in 2019.