What is the price of peanut (groundnuts) per kilogram/pound in Lebanon today?
The retail price range for Lebanon peanut (groundnuts) is between US$ 4.14 and US$ 5.12 per kilogram or between US$ 1.88 and US$ 2.32 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Lebanon
The retail price range in Lebanese Pound for peanut (groundnuts) is between LBP 62,669.09 and LBP 77,590.30 per kilogram or between LBP 28,421.36 and LBP 35,188.35 per pound(lb) in Beirut and Sidon.
Wholesale prices
In 2024, the approximate wholesale price range for Lebanon peanut (groundnuts) is between US$ 2.90 and US$ 3.58 per kilogram or between US$ 1.31 and US$ 1.63 per pound(lb).
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Lebanon Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Lebanon over the last five years has been quite varied. In 2017, the price was 3.86 US $ per kg, followed by 4.25 US $ per kg in 2018. In 2019, the price rose to 5.10 US $ per kg, before dropping to 4.59 US $ per kg in 2020. The most recent year, 2021, saw the price drop to 3.74 US $ per kg. Overall, the export price per kilogram of Peanut (Groundnuts) from Lebanon has seen a slight decrease over the last five years. Based on this trend, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Lebanon in 2023 will be around 3.60 US $ per kg and in 2024 will be around 3.45 US $ per kg.The peanut (groundnuts) exports from Lebanon are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Lebanon Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Lebanon over the last five years has been quite volatile. In 2016, the price was 4.88 US dollars per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017 to 3.86 US dollars per kg. In 2018, the price increased to 4.25 US dollars per kg, before rising to 5.10 US dollars per kg in 2019. The price then dropped to 4.59 US dollars per kg in 2020, before declining further to 3.74 US dollars per kg in 2021. Based on the data, it is likely that the import price per kilogram of Peanut (Groundnuts) into Lebanon will remain relatively stable in the next two years. We predict that the price will be around 4.00 US dollars per kg in 2023 and 4.25 US dollars per kg in 2024.Export values for Lebanon peanut (groundnuts)
The total values in export for peanut (groundnuts) in Lebanon were US$ 288, US$ 525, US$ 578 and US$ 694 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 Lebanon: 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).
Lebanon peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lebanon sold 136 tonnes of peanut (groundnuts). Across 2019 alone, the interest in Lebanon peanut (groundnuts) (nuts and oil seeds category) has remained constant, with a change of 0 % compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports recorded no change remaining at 0 pc bringing Lebanon US$0.69m for the year 2019. Lebanon's peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Lebanon peanut (groundnuts) export values
In 2019, Lebanon shipped peanut (groundnuts) costing 0.69m USD, an increase of 19.38% from 2018's total peanut (groundnuts) export of 0.578m USD. The yearly increase in value of Lebanon peanut (groundnuts) between 2017 to 2018 was 10.095 pc.
The per year change in the volume of Lebanon's peanut (groundnuts) exports between 2017 and 2019 was 0 pc when compared to a variation of 0% in the growth rate between 2018 and 2019.
Lebanon's portion of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. The country is ranked position 63 in world exports of peanut (groundnuts).
Export markets for Lebanon peanut (groundnuts) ( in '000$ )
Lebanon's leading destinations for peanut (groundnuts) are US, Canada, Germany, the Netherlands and Saudi Arabia.
Import/Export Trends
Lebanon is a net importer of peanut (groundnuts). The annual growth of Lebanon peanut (groundnuts) in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity for the same period was %, per annum.
Lebanon imported 1,135 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Lebanon was 6,297 tonnes in 2019 and is estimated to change by an average of -3.08%. The country had an estimated 1,248.00 hectares under peanut (groundnuts) cultivation.