What is the price of groundnuts (peanuts) per kilogram/pound in Senegal today?
The retail price range for Senegal groundnuts (peanuts) is between US$ 2.99 and US$ 4.42 per kilogram or between US$ 1.36 and US$ 2.00 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in Senegal
The retail price range in CFA Franc BCEAO for groundnuts (peanuts) is between XOF 1,825.54 and XOF 2,693.41 per kilogram or between XOF 827.91 and XOF 1,221.50 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal groundnuts (peanuts) is between US$ 2.10 and US$ 3.09 per kilogram or between US$ 0.95 and US$ 1.40 per pound(lb).
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Senegal Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from Senegal over the last five years has been relatively stable. In 2017, the price was 0.81 US $ per kg, followed by 0.65 US $ per kg in 2018. In 2019, the price dropped to 0.58 US $ per kg, before increasing to 0.74 US $ per kg in 2020. The price then rose to 0.83 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from Senegal in 2023 will be around 0.81 US $ per kg and in 2024 will be around 0.83 US $ per kg.The Senegal 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)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
Senegal Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into Senegal over the last five years has been relatively stable. In 2017, the price was 0.81 US$ per kg, followed by 0.65 US$ per kg in 2018. In 2019, the price dropped to 0.58 US$ per kg, before increasing to 0.74 US$ per kg in 2020. The price then rose to 0.83 US$ per kg in 2021. Based on this data, it is likely that the import price per kilogram of Groundnuts (Peanuts) into Senegal will remain relatively stable in the next two years, with an estimated price of 0.83 US$ per kg in 2023 and 0.84 US$ per kg in 2024.Export values for Senegal groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in Senegal were US$ 56,311, US$ 82,643, US$ 71,166 and US$ 190,443 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Senegal: 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).
Senegal groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal shipped 326,908 tonnes of groundnuts (peanuts). Across 2019 alone, the demand for Senegal groundnuts (peanuts) (nuts category) has climbed, recording a change of 197.319 percent compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports went up by 218.87 pc netting Senegal US$190.44m for the year 2019. Senegal's groundnuts (peanuts) exports are classified as:
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnut seed, for sowing (HS code 120230)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
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Senegal groundnuts (peanuts) export values
In 2019, Senegal supplied groundnuts (peanuts) valued at 190.44m USD, an increment of 167.60% from 2018's total groundnuts (peanuts) export of 71.166m USD. The annual change in value of Senegal groundnuts (peanuts) between 2017 to 2018 was -13.887 percent.
The annual variation in the amount of Senegal's groundnuts (peanuts) exports between 2017 and 2019 was 218.87 pc when compared to a variation of 197.319% in the growth rate between 2018 and 2019.
Senegal's share of the world's total groundnuts (peanuts)'s exports in 2019 was less than 1%. Senegal holds position 14 in world exports of groundnuts (peanuts).
Export markets for Senegal groundnuts (peanuts) ( in '000$ )
Senegal's top export markets for groundnuts (peanuts) are South Africa, Ghana, Switzerland, Egypt and Turkey.
Import/Export Trends
Senegal is a net exporter of groundnuts (peanuts). The annual growth of Senegal groundnuts (peanuts) in value between 2015 to 2019 was 129%, per annum, while annual growth in quantity during the same period was 104%, per annum.
Senegal procured 11 tonnes of groundnuts (peanuts) in 2019.