What is the price of groundnuts (peanuts) per kilogram/pound in Madagascar today?
The retail price range for Madagascar groundnuts (peanuts) is between US$ 2.93 and US$ 4.89 per kilogram or between US$ 1.33 and US$ 2.22 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Madagascar
The retail price range in Malagasy Ariary for groundnuts (peanuts) is between MGA 12,971.68 and MGA 21,619.47 per kilogram or between MGA 5,882.85 and MGA 9,804.75 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar groundnuts (peanuts) is between US$ 2.05 and US$ 3.42 per kilogram or between US$ 0.93 and US$ 1.55 per pound(lb).
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Madagascar Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from Madagascar over the last five years has seen a steady decline. In 2017, the price was 0.25 US $ per kg, which dropped to 0.27 US $ per kg in 2018 and then rose to 0.30 US $ per kg in 2019. In 2020, the price increased to 0.33 US $ per kg and then to 0.36 US $ per kg in 2021. The latest data shows that the export price per kilogram of Groundnuts (Peanuts) from Madagascar is 0.38 US $ per kg in 2022. Based on the current trend, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from Madagascar will be 0.41 US $ per kg in 2023 and 0.44 US $ per kg in 2024.The Madagascar groundnuts (peanuts) exports are classified as:
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- 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)
Madagascar Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into Madagascar over the last five years has seen a steady decline. In 2012, the price was 0.53 US dollars per kg, and by 2016, it had dropped to 0.35 US dollars per kg. In 2017, the price dropped further to 0.25 US dollars per kg, and then rose slightly to 0.27 US dollars per kg in 2018. The price then increased to 0.3 US dollars per kg in 2019, and further to 0.33 US dollars per kg in 2020. The price then rose again to 0.36 US dollars per kg in 2021, and is currently at 0.38 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Groundnuts (Peanuts) into Madagascar will be 0.41 US dollars per kg in 2023, and 0.44 US dollars per kg in 2024.Export values for Madagascar groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Madagascar were US$ 9,506, US$ 6,722, US$ 7,290 and US$ 10,169 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Madagascar: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Africa: Algeria groundnuts (peanuts), Angola groundnuts (peanuts), Botswana groundnuts (peanuts), Burundi groundnuts (peanuts), Cameroon groundnuts (peanuts), Cape Verde groundnuts (peanuts), Central African Republic groundnuts (peanuts), Comoros groundnuts (peanuts), DRC Congo groundnuts (peanuts) & Benin groundnuts (peanuts).
Madagascar groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of groundnuts (peanuts) sold by Madagascar in 2020 was 24,866 tonnes. In 2019 Madagascar exported 33,379 tonnes of groundnuts (peanuts). For 2019 alone, the interest in Madagascar groundnuts (peanuts) (nuts category) has increased, changing by 21.857 % compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports increased by 21.95% netting the nation US$10.17m for the year 2019. Madagascar's groundnuts (peanuts) exports are classified as:
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
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Madagascar groundnuts (peanuts) export values
In 2019, Madagascar supplied groundnuts (peanuts) valued at 10.17m USD, an increment of 39.51% from 2018's total groundnuts (peanuts) export of 7.29m USD. The annual growth in value of Madagascar groundnuts (peanuts) between 2017 to 2018 was 8.45 percent.
The annual variation in the volume of Madagascar's groundnuts (peanuts) exports between 2017 and 2019 was 21.95% in comparison to a variation of 21.857% in the period between 2018 and 2019.
Export markets for Madagascar groundnuts (peanuts) ( in '000$ )
Madagascar's leading export markets for groundnuts (peanuts) are China, Morocco, Mauritius, Comoros and Turkey.
Madagascar ordered 0 tonnes of groundnuts (peanuts) in 2019.