What is the price of peanut (groundnuts) per kilogram/pound in Philippines today?
The retail price range for Philippines peanut (groundnuts) is between US$ 3.15 and US$ 12.99 per kilogram or between US$ 1.43 and US$ 5.89 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Philippines
The retail price range in Philippine peso for peanut (groundnuts) is between PHP 175.21 and PHP 723.10 per kilogram or between PHP 79.46 and PHP 327.94 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines peanut (groundnuts) is between US$ 2.20 and US$ 9.10 per kilogram or between US$ 1.00 and US$ 4.13 per pound(lb).
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Philippines Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Philippines over the last five years has been quite varied. In 2016, the price was 2.30 US $ per kg, followed by a slight increase to 2.57 US $ per kg in 2017. However, in 2018, the price dropped to 1.86 US $ per kg, before rising again to 2.54 US $ per kg in 2019. The price then decreased to 2.27 US $ per kg in 2020, before increasing to 2.73 US $ per kg in 2021. Based on this data, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Philippines in 2023 will be around 2.80 US $ per kg and in 2024 will be around 2.87 US $ per kg.The the Philippines peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Philippines Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Philippines has seen a fluctuating trend over the last five years. In 2016, the price was 2.30 US$ per kg, which increased to 2.57 US$ per kg in 2017. However, the price dropped to 1.86 US$ per kg in 2018 and then rose to 2.54 US$ per kg in 2019. In 2020, the price decreased to 2.27 US$ per kg and then increased to 2.73 US$ per kg in 2021. Based on the data, it is predicted that the import price per kilogram of Peanut (Groundnuts) into Philippines will remain steady in 2023 and 2024, with an estimated price of 2.73 US$ per kg.Export values for Philippines peanut (groundnuts)
The total values in export for peanut (groundnuts) in the Philippines were US$ 1,694, US$ 902, US$ 803 and US$ 1,299 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 Philippines: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Asia: Kazakhstan peanut (groundnuts), Kyrgyzstan peanut (groundnuts), Tajikistan peanut (groundnuts), Turkmenistan peanut (groundnuts), Uzbekistan peanut (groundnuts), China peanut (groundnuts), Hong Kong peanut (groundnuts), Macao peanut (groundnuts), North Korea peanut (groundnuts) & Mongolia peanut (groundnuts).
Philippines peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The amount of peanut (groundnuts) exported by the Philippines in 2020 was 895 tonnes. In 2019 The Philippines exported 512 tonnes of peanut (groundnuts). Through 2019 alone, the demand for the Philippines peanut (groundnuts) (nuts and oil seeds category) has increased, recording a change of 18.519 % compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports increased by 45.87 percent earning the Philippines US$1.30m for the year 2019. the Philippiness' peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Philippines peanut (groundnuts) export values
In 2019, the Philippines shipped peanut (groundnuts) valued at 1.30m USD, an increment of 61.89% from 2018's total peanut (groundnuts) export of 0.803m USD. The yearly growth in value of the Philippines peanut (groundnuts) between 2017 to 2018 was -10.976%.
The yearly variation in the amount of the Philippiness' peanut (groundnuts) exports between 2017 and 2019 was 45.87 percent compared to a variation of 18.519% in the period between 2018 and 2019.
the Philippiness' portion of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. The country is ranked number 21 in world exports of peanut (groundnuts).
Export markets for Philippines peanut (groundnuts) ( in '000$ )
the Philippiness' leading destinations for peanut (groundnuts) are US, Australia, South Korea, Vietnam and United Arab Emirates (UAE).
Import/Export Trends
the Philippines is a net exporter of peanut (groundnuts). The annual growth of the Philippines peanut (groundnuts) in value between 2015 to 2019 was -10%, per annum, while annual growth in quantity during the same period was -7%, per annum.
the Philippines purchased 7,103 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in the Philippines was 29,301 tonnes in 2019 and is projected to change by an average of -0.43%. The country had an estimated 23,915.00 hectares under peanut (groundnuts) cultivation.