What is the price of peanut (groundnut) oil per kilogram/pound in South Africa today?
The retail price range for South Africa peanut (groundnut) oil is between US$ 3.80 and US$ 3.80 per kilogram or between US$ 1.73 and US$ 1.73 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in South Africa
The retail price range in Rand for peanut (groundnut) oil is between ZAR 73.92 and ZAR 73.92 per kilogram or between ZAR 33.53 and ZAR 33.53 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa peanut (groundnut) oil is between US$ 2.66 and US$ 2.66 per kilogram or between US$ 1.21 and US$ 1.21 per pound(lb).
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South Africa Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
In the years 2016, 2017, 2018, 2019 and 2020, the export prices of Peanut (Groundnut) Oil from South Africa were US$ 1.57, US$ 1.06, US$ 1.45, US$ 1.84 and US$ 2.67 per Kg respectively. For the year 2021, the export price was US$ 3.59 per Kg. For the year 2022 and 2023, the export price is predicted to be US$ 3.70 per Kg.
The peanut (groundnut) oil exports from South Africa 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)
South Africa Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into South Africa has been relatively stable over the last five years. In 2016, the price was 1.12 US$ per kg, followed by a slight increase to 1.43 US$ per kg in 2017. In 2018, the price dropped to 1.27 US$ per kg, before increasing again to 1.36 US$ per kg in 2019. The price then rose to 1.48 US$ per kg in 2020, before dropping to 0.44 US$ per kg in 2021. The most recent data shows that the price has increased to 2.61 US$ per kg in 2022. Based on the data, it is likely that the price of Peanut (Groundnut) Oil into South Africa will remain relatively stable in the next two years. We predict that the price will be around 1.50 US$ per kg in 2023 and 1.60 US$ per kg in 2024.Export values for South Africa peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in South Africa were US$ 1,380, US$ 855, US$ 1,379 and US$ 392 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Africa: 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.
South Africa peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa shipped 410,196 tonnes of peanut (groundnut) oil. Across 2019 alone, the interest in South Africa peanut (groundnut) oil (processed category) has escalated, changing by 536.14 percent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports increased by 57 percent netting the exporter US$0.39m for the year 2019. South Africa's peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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South Africa peanut (groundnut) oil export values
In 2019, South Africa supplied peanut (groundnut) oil worth 0.39m USD, a drop of -71.72% from 2018's total peanut (groundnut) oil export of 1.379m USD. The annual change in value of South Africa peanut (groundnut) oil between 2017 to 2018 was 61.287 per cent.
The per year change in the amount of South Africa's peanut (groundnut) oil exports between 2017 and 2019 was 57 pc compared to a variation of 536.14% in the period between 2018 and 2019.
Export markets for South Africa peanut (groundnut) oil ( in '000$ )
South Africa's best performing destinations for peanut (groundnut) oil are Italy, Namibia, Swaziland (Eswatini), Botswana and Malawi.
South Africa procured 5 tonnes of peanut (groundnut) oil in 2019.