What is the price of peanut (groundnut) oil per kilogram/pound in Senegal today?
The retail price range for Senegal peanut (groundnut) oil is between US$ 2.20 and US$ 5.46 per kilogram or between US$ 1.00 and US$ 2.48 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Senegal
The retail price range in CFA Franc BCEAO for peanut (groundnut) oil is between XOF 1,343.12 and XOF 3,328.59 per kilogram or between XOF 609.12 and XOF 1,509.57 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal peanut (groundnut) oil is between US$ 1.54 and US$ 3.82 per kilogram or between US$ 0.70 and US$ 1.73 per pound(lb).
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Senegal Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Senegal has seen a steady decline over the last five years. In 2021, the price was 1.96 US $ per kg, which is a slight increase from 2020 when the price was 1.40 US $ per kg. In 2019, the price was 1.12 US $ per kg, which was the lowest price in the last five years. In 2018, the price was 1.18 US $ per kg, and in 2017, the price was 1.49 US $ per kg. Based on this data, it is likely that the export price per kilogram of Peanut (Groundnut) Oil from Senegal will remain relatively stable in the next two years, with a predicted price of 1.50 US $ per kg in 2023 and 1.55 US $ per kg in 2024.The exports of peanut (groundnut) oil from Senegal are classified as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
Senegal Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Senegal has seen a fluctuating trend over the last five years. In 2016, the price was recorded at 1.33 US $ per kg, which was the highest in the last five years. This was followed by a decrease in the price to 1.26 US $ per kg in 2015. In 2017, the price increased to 1.49 US $ per kg and then decreased to 1.18 US $ per kg in 2018. The price further decreased to 1.12 US $ per kg in 2019 and then increased to 1.4 US $ per kg in 2020. The latest data shows that the price has increased to 1.96 US $ per kg in 2021. Based on the trend of the last five years, it is predicted that the price of Peanut (Groundnut) Oil into Senegal will be around 2.14 US $ per kg in 2023 and 2.32 US $ per kg in 2024.Export values for Senegal peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Senegal were US$ 25,896, US$ 28,360, US$ 42,836 and US$ 70,575 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Senegal: 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 Africa: Algeria peanut (groundnut) oil, Angola peanut (groundnut) oil, Botswana peanut (groundnut) oil, Burundi peanut (groundnut) oil, Cameroon peanut (groundnut) oil, Cape Verde peanut (groundnut) oil, Central African Republic peanut (groundnut) oil, Comoros peanut (groundnut) oil, DRC Congo peanut (groundnut) oil & Benin peanut (groundnut) oil.
Senegal peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal shipped 62,854 tonnes of peanut (groundnut) oil. For the year 2019 alone, the market for Senegal peanut (groundnut) oil (processed category) has climbed, recording a change of 72.956 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went up by 226.94 pc netting the country US$70.58m for the year 2019. Senegal's peanut (groundnut) oil exports are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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Senegal peanut (groundnut) oil export values
In 2019, Senegal sold peanut (groundnut) oil worth 70.58m USD, an increase of 64.77% from 2018's total peanut (groundnut) oil export of 42.836m USD. The annual change in value of Senegal peanut (groundnut) oil between 2017 to 2018 was 51.044 per cent.
The annual change in the volume of Senegal's peanut (groundnut) oil exports between 2017 and 2019 was 226.94 pc when compared to a variation of 72.956% in the growth rate between 2018 and 2019.
Export markets for Senegal peanut (groundnut) oil ( in '000$ )
Senegal's best performing destinations for peanut (groundnut) oil are China, France, Italy, Switzerland and the Netherlands.
Senegal imported 9 tonnes of peanut (groundnut) oil in 2019.