What is the price of peanut (groundnuts) per kilogram/pound in Senegal today?
The retail price range for Senegal peanut (groundnuts) is between US$ 0.89 and US$ 1.18 per kilogram or between US$ 0.40 and US$ 0.54 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Senegal
The retail price range in CFA Franc BCEAO for peanut (groundnuts) is between XOF 539.67 and XOF 719.56 per kilogram or between XOF 244.75 and XOF 326.33 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal peanut (groundnuts) is between US$ 0.62 and US$ 0.83 per kilogram or between US$ 0.28 and US$ 0.37 per pound(lb).
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Senegal Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Senegal over the last five years has been quite varied. In 2016, the price was 1.22 US $ per kg, followed by a sharp decrease to 0.8 US $ per kg in 2017. In 2018, the price rose to 2.08 US $ per kg, and then increased further to 2.1 US $ per kg in 2019. However, in 2020, the price dropped to 1.52 US $ per kg, before decreasing again to 0.94 US $ per kg in 2021. Based on this data, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Senegal in 2023 will be 1.45 US $ per kg, and in 2024 it will be 1.38 US $ per kg.The peanut (groundnuts) exports from Senegal are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Senegal Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Senegal over the last five years has been quite volatile. In 2016, the price was $1.22, followed by a sharp drop to $0.45 in 2015. This was followed by a slight increase to $1.33 in 2014. In 2017, the price dropped again to $0.80, before rising to $2.08 in 2018. The price then increased to $2.10 in 2019, before dropping to $1.52 in 2020. The most recent data shows that the price has dropped to $0.94 in 2021. Based on the data, it is likely that the price of Peanut (Groundnuts) into Senegal will remain relatively stable in the next two years. We predict that the price will be around $1.20 in 2023 and $1.30 in 2024.Export values for Senegal peanut (groundnuts)
The total values in export for peanut (groundnuts) in Senegal were US$ 473, US$ 1,097, US$ 26 and US$ 42 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 Senegal: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Africa: Algeria peanut (groundnuts), Angola peanut (groundnuts), Botswana peanut (groundnuts), Burundi peanut (groundnuts), Cameroon peanut (groundnuts), Cape Verde peanut (groundnuts), Central African Republic peanut (groundnuts), Comoros peanut (groundnuts), DRC Congo peanut (groundnuts) & Benin peanut (groundnuts).
Senegal peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal sold 20 tonnes of peanut (groundnuts). Across 2019 alone, the market for Senegal peanut (groundnuts) (nuts and oil seeds category) has escalated, flactuating by 53.846 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports decreased by -98.55 percent bringing the country US$0.04m for the year 2019. Senegal's peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Senegal peanut (groundnuts) export values
In 2019, Senegal supplied peanut (groundnuts) valued at 0.04m USD, an increase of 53.85% from 2018's total peanut (groundnuts) export of 0.026m USD. The annual growth in value of Senegal peanut (groundnuts) between 2017 to 2018 was -97.63 percent.
The annual change in the amount of Senegal's peanut (groundnuts) exports between 2017 and 2019 was -98.55 pc when compared to a variation of 53.846% in the growth rate between 2018 and 2019.
Senegal's stake of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. The country is ranked position 32 in world exports of peanut (groundnuts).
Export markets for Senegal peanut (groundnuts) ( in '000$ )
Senegal's top export markets for peanut (groundnuts) are US, China and United Arab Emirates (UAE).
Import/Export Trends
Senegal is a net exporter of peanut (groundnuts). The annual growth of Senegal peanut (groundnuts) in value between 2015 to 2019 was -32%, per year, while annual growth in quantity was -43%, per annum.
Senegal bought 18 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Senegal was 1,421,288 tonnes in 2019 and is predicted to change by an average of -5.28%. The country had approximately 1,110,934.00 hectares under peanut (groundnuts) cultivation.