What is the price of peanut (groundnut) oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand peanut (groundnut) oil is between US$ 6.17 and US$ 12.67 per kilogram or between US$ 2.80 and US$ 5.75 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in New Zealand
The retail price range in New Zealand Dollar for peanut (groundnut) oil is between NZD 9.82 and NZD 20.16 per kilogram or between NZD 4.45 and NZD 9.14 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand peanut (groundnut) oil is between US$ 4.32 and US$ 8.87 per kilogram or between US$ 1.96 and US$ 4.02 per pound(lb).
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New Zealand Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from New Zealand has seen a lot of fluctuation over the last five years. In 2011, the price was 9.33 US dollars per kg, which dropped to 0.76 US dollars per kg in 2012. The price then increased to 2.2 US dollars per kg in 2013, and further increased to 3.0 US dollars per kg in 2014. In 2015, the price dropped to 2.44 US dollars per kg, and then further decreased to 2.33 US dollars per kg in 2016. The price then dropped to 2.12 US dollars per kg in 2017, before increasing to 8.92 US dollars per kg in 2018. In 2019, the price dropped to 5.67 US dollars per kg, and then further decreased to 5.00 US dollars per kg in 2020. In 2021, the price increased to 6.48 US dollars per kg, and then dropped to 3.71 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from New Zealand will be 4.45 US dollars per kg in 2023, and 3.90 US dollars per kg in 2024.The peanut (groundnut) oil exports from New Zealand are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
New Zealand Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into New Zealand has seen a significant fluctuation over the past five years. In 2016, the price was recorded at 2.33 US dollars per kg, which was the lowest in the five-year period. The price then increased to 8.92 US dollars per kg in 2018, which was the highest in the five-year period. In 2019, the price decreased to 5.67 US dollars per kg and further decreased to 5.00 US dollars per kg in 2020. In 2021, the price increased to 6.48 US dollars per kg and then decreased to 3.71 US dollars per kg in 2022. Based on the trend, it is predicted that the import price per kilogram of Peanut (Groundnut) Oil into New Zealand will be around 3.50 US dollars per kg in 2023 and 3.75 US dollars per kg in 2024.Export values for New Zealand peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in New Zealand were US$ 14, US$ 17, US$ 116 and US$ 17 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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 Oceania: Fiji peanut (groundnut) oil, French Polynesia peanut (groundnut) oil, Guam peanut (groundnut) oil, Micronesia peanut (groundnut) oil, New Caledonia peanut (groundnut) oil, Papua New Guinea peanut (groundnut) oil, Samoa peanut (groundnut) oil, Solomon Islands peanut (groundnut) oil, Tonga peanut (groundnut) oil & Vanuatu peanut (groundnut) oil.
New Zealand peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of peanut (groundnut) oil sold by New Zealand in 2020 was 1 tons. In 2019 New Zealand shipped 3 tonnes of peanut (groundnut) oil. For the year 2019 alone, the interest in New Zealand peanut (groundnut) oil (processed category) has gone down, recording a change of -76.923 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports decreased by -62.5% netting New Zealand US$0.02m for the year 2019. New Zealand's peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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New Zealand peanut (groundnut) oil export values
In 2019, New Zealand sold peanut (groundnut) oil costing 0.02m USD, a decrease of -82.76% from 2018's total peanut (groundnut) oil export of 0.116m USD. The annual reduction in value of New Zealand peanut (groundnut) oil between 2017 to 2018 was 582.353%.
The annual/yearly change in the quantity of New Zealand's peanut (groundnut) oil exports between 2017 and 2019 was -62.5 percent when compared to a variation of -76.923% in the growth rate between 2018 and 2019.
Export markets for New Zealand peanut (groundnut) oil ( in '000$ )
New Zealand's leading destinations for peanut (groundnut) oil are US, Japan, China, Australia and Vanuatu.
New Zealand imported 94 tonnes of peanut (groundnut) oil in 2019.