What is the price of peanut (groundnuts) per kilogram/pound in Singapore today?
The retail price range for Singapore 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 Singapore
The retail price range in Singapore Dollar for peanut (groundnuts) is between SGD 1.19 and SGD 1.59 per kilogram or between SGD 0.54 and SGD 0.72 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore 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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Singapore Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Singapore over the last five years has seen a steady increase. In 2016, the price was at 3.15 US $ per kg, and by 2021, it had risen to 4.75 US $ per kg. This represents an increase of 51.6% over the five-year period. In 2020, the price was 4.05 US $ per kg, and in 2021, it rose to 4.75 US $ per kg, an increase of 17.4%. Based on this trend, it is predicted that the export price per kilogram of Peanut (Groundnuts) from Singapore in 2023 will be 5.45 US $ per kg, and in 2024, it will be 6.22 US $ per kg.The Singapore peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Singapore Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Singapore has seen a steady increase over the last five years. In 2017, the price was 3.19 US$ per kg, which increased to 3.52 US$ per kg in 2018. In 2019, the price rose to 3.89 US$ per kg and further increased to 4.05 US$ per kg in 2020. The highest price was recorded in 2021, with 4.75 US$ per kg. This indicates a steady increase in the import price of Peanuts (Groundnuts) into Singapore over the last five years. Based on this trend, it is predicted that the import price of Peanuts (Groundnuts) into Singapore will be 5.02 US$ per kg in 2023 and 5.30 US$ per kg in 2024.Export values for Singapore peanut (groundnuts)
The total values in export for peanut (groundnuts) in Singapore were US$ 4,641, US$ 3,465, US$ 3,859 and US$ 4,344 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 Singapore: 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).
Singapore peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnuts) exported by Singapore in 2020 was 1,039 metric tons. In 2019 Singapore exported 1,117 tonnes of peanut (groundnuts). For 2019 alone, the market for Singapore peanut (groundnuts) (nuts and oil seeds category) has gone up, flactuating by 1.916 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports went up by 2.85 percent earning Singapore US$4.34m for the year 2019. Singapore's peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Singapore peanut (groundnuts) export values
In 2019, Singapore supplied peanut (groundnuts) worth 4.34m USD, an improvement of 12.46% from 2018's total peanut (groundnuts) export of 3.859m USD. The annual growth in value of Singapore peanut (groundnuts) between 2017 to 2018 was 11.371 per cent.
The per year change in the quantity of Singapore's peanut (groundnuts) exports between 2017 and 2019 was 2.85 per cent compared to a variation of 1.916% in the period between 2018 and 2019.
Singapore's stake of the world's total peanut (groundnuts)'s exports in 2019 was 1%. The country is ranked position 14 in world exports of peanut (groundnuts).
Export markets for Singapore peanut (groundnuts) ( in '000$ )
Singapore's top export markets for peanut (groundnuts) are Malaysia, Cambodia, Thailand, Hong Kong and United Arab Emirates (UAE).
Import/Export Trends
Singapore is a net importer of peanut (groundnuts). The annual growth of Singapore peanut (groundnuts) in value between 2015 to 2019 was -10%, per year, while annual growth in quantity was -28%, per annum.
Singapore procured 5,944 tonnes of peanut (groundnuts) in 2019.