What is the price of groundnuts (peanuts) per kilogram/pound in Philippines today?
The retail price range for Philippines groundnuts (peanuts) is between US$ 0.89 and US$ 2.36 per kilogram or between US$ 0.40 and US$ 1.07 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Philippines
The retail price range in Philippine peso for groundnuts (peanuts) is between PHP 49.46 and PHP 131.36 per kilogram or between PHP 22.43 and PHP 59.57 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines groundnuts (peanuts) is between US$ 0.62 and US$ 1.65 per kilogram or between US$ 0.28 and US$ 0.75 per pound(lb).
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Philippines Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from Philippines has seen a steady increase over the last five years. In 2017, the price was 0.79 US$ per kg, which increased to 0.9 US$ per kg in 2015. In 2018 and 2019, the price remained steady at 0.5 US$ per kg. However, in 2020, the price skyrocketed to 9.0 US$ per kg and further increased to 12.0 US$ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from Philippines will be around 13.2 US$ per kg in 2023 and 14.4 US$ per kg in 2024.The groundnuts (peanuts) exports from the Philippines 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)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
Philippines Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price of Groundnuts (Peanuts) into Philippines over the last five years has been quite volatile. In 2011, the price was 0.18 US$ per kg, which increased to 0.5 US$ per kg in 2012. In 2014, the price rose to 1.18 US$ per kg, before dropping to 0.9 US$ per kg in 2015. The price then decreased further to 0.79 US$ per kg in 2017 and remained at 0.5 US$ per kg in 2018 and 2019. However, in 2020, the price skyrocketed to 9.0 US$ per kg, before increasing further to 12.0 US$ per kg in 2021. Based on the current trend, it is likely that the import price of Groundnuts (Peanuts) into Philippines will remain at 12.0 US$ per kg in 2023 and 2024.Export values for Philippines groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in the Philippines were US$ 69, US$ 136, US$ 1 and US$ 1 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Philippines: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across Asia: Kazakhstan groundnuts (peanuts), Kyrgyzstan groundnuts (peanuts), Tajikistan groundnuts (peanuts), Turkmenistan groundnuts (peanuts), Uzbekistan groundnuts (peanuts), China groundnuts (peanuts), Hong Kong groundnuts (peanuts), Macao groundnuts (peanuts), North Korea groundnuts (peanuts) & Mongolia groundnuts (peanuts).
Philippines groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of groundnuts (peanuts) exported by the Philippines in 2020 was 3 metric tons. In 2019 The Philippines exported 1 tonnes of groundnuts (peanuts). Through 2019 alone, the market for the Philippines groundnuts (peanuts) (nuts category) has been relatively stable, recording a change of 0 per cent compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports went down by -99.42% earning the nation US$0.00m for the year 2019. the Philippiness' groundnuts (peanuts) exports are classified as:
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
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Philippines groundnuts (peanuts) export values
In 2019, the Philippines supplied groundnuts (peanuts) costing 0.00m USD, a decrease of -100.00% from 2018's total groundnuts (peanuts) export of 0.001m USD. The annual reduction in value of the Philippines groundnuts (peanuts) between 2017 to 2018 was -99.265%.
The per year change in the volume of the Philippiness' groundnuts (peanuts) exports between 2017 and 2019 was -99.42 per cent in comparison to a variation of 0% in the period between 2018 and 2019.
Export markets for Philippines groundnuts (peanuts) ( in '000$ )
the Philippiness' leading destinations for groundnuts (peanuts) are Kuwait, Saudi Arabia, Canada, China and United Arab Emirates (UAE).
the Philippines imported 85,031 tonnes of groundnuts (peanuts) in 2019.