What is the price of groundnuts (peanuts) per kilogram/pound in Kuwait today?
The retail price range for Kuwait groundnuts (peanuts) is between US$ 4.55 and US$ 5.03 per kilogram or between US$ 2.06 and US$ 2.28 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Kuwait
The retail price range in Kuwaiti Dinar for groundnuts (peanuts) is between KWD 1.40 and KWD 1.55 per kilogram or between KWD 0.64 and KWD 0.70 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait groundnuts (peanuts) is between US$ 3.19 and US$ 3.52 per kilogram or between US$ 1.44 and US$ 1.60 per pound(lb).
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Kuwait Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from Kuwait over the last five years has been quite varied. In 2017, the price was at its highest at 9.50 US $ per kg, followed by a sharp decline to 1.81 US $ per kg in 2018. The price then remained relatively stable at 1.00 US $ per kg in 2019 and 2.23 US $ per kg in 2020. In 2021, the price dropped slightly to 2.06 US $ per kg. Based on this data, it is likely that the export price per kilogram of Groundnuts (Peanuts) from Kuwait will remain relatively stable in the next two years, with an estimated price of 2.06 US $ per kg in 2023 and 2.23 US $ per kg in 2024.The exports of groundnuts (peanuts) from Kuwait are classified as:
- 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)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
Kuwait Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into Kuwait over the last five years has been quite volatile. In 2013, the price was 0.81 US dollars per kg, followed by a significant increase to 2.00 US dollars per kg in 2014. The price then dropped to 0.96 US dollars per kg in 2015, before increasing again to 2.39 US dollars per kg in 2016. In 2017, the price skyrocketed to 9.50 US dollars per kg, before dropping back to 1.81 US dollars per kg in 2018. The price then decreased further to 1.00 US dollar per kg in 2019, before increasing to 2.23 US dollars per kg in 2020 and 2.06 US dollars per kg in 2021. Based on the data, it is likely that the import price per kilogram of Groundnuts (Peanuts) into Kuwait will remain relatively stable in the next two years. We predict that the price will be around 2.06 US dollars per kg in 2023 and 2.23 US dollars per kg in 2024.Export values for Kuwait groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Kuwait were US$ 67, US$ 19, US$ 139 and US$ 12 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Kuwait: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Middle East: Bahrain groundnuts (peanuts), Cyprus groundnuts (peanuts), Iraq groundnuts (peanuts), Israel groundnuts (peanuts), Jordan groundnuts (peanuts), Kuwait groundnuts (peanuts), Lebanon groundnuts (peanuts), Palestine groundnuts (peanuts), Oman groundnuts (peanuts) & Qatar groundnuts (peanuts).
Kuwait groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait exported 12 tonnes of groundnuts (peanuts). For 2019 alone, the market for Kuwait groundnuts (peanuts) (nuts category) has reduced, flactuating by -84.416 pc compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports grew by 500 percent netting the exporter US$0.01m for the year 2019. Kuwait's groundnuts (peanuts) exports are categorised as:
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
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Kuwait groundnuts (peanuts) export values
In 2019, Kuwait sold groundnuts (peanuts) with a value of 0.01m USD, a contraction of -92.81% from 2018's total groundnuts (peanuts) export of 0.139m USD. The annual reduction in value of Kuwait groundnuts (peanuts) between 2017 to 2018 was 631.579 pc.
The per year change in the quantity of Kuwait's groundnuts (peanuts) exports between 2017 and 2019 was 500% in comparison to a variation of -84.416% in the period between 2018 and 2019.
Export markets for Kuwait groundnuts (peanuts) ( in '000$ )
Kuwait's best performing export markets for groundnuts (peanuts) are Saudi Arabia, United Arab Emirates (UAE), Turkey, Qatar and Oman.
Kuwait ordered 1,724 tonnes of groundnuts (peanuts) in 2019.