What is the price of peanut (groundnut) oil per kilogram/pound in Thailand today?
The retail price range for Thailand peanut (groundnut) oil is between US$ 4.12 and US$ 5.27 per kilogram or between US$ 1.87 and US$ 2.39 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Thailand
The retail price range in Baht for peanut (groundnut) oil is between THB 141.45 and THB 180.93 per kilogram or between THB 64.15 and THB 82.05 per pound(lb) in Bangkok and Chiand Mai.
Wholesale prices
In 2024, the approximate wholesale price range for Thailand peanut (groundnut) oil is between US$ 2.89 and US$ 3.69 per kilogram or between US$ 1.31 and US$ 1.67 per pound(lb).
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Thailand Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from Thailand has seen a steady decline over the last five years. In 2012, the price was 3.00 US dollars per kg, but by 2017, it had dropped to 1.20 US dollars per kg. In 2018, the price rose slightly to 1.77 US dollars per kg, before increasing again to 1.91 US dollars per kg in 2019. The price then dropped to 1.27 US dollars per kg in 2020, before rising again to 1.69 US dollars per kg in 2021. The most recent data shows that the price is 1.81 US dollars per kg in 2022. Based on this trend, it is likely that the price will remain relatively stable in 2023 and 2024, with an estimated price of 1.80 US dollars per kg and 1.82 US dollars per kg respectively.The exports of peanut (groundnut) oil from Thailand 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)
Thailand Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into Thailand has seen a steady increase over the last five years. In 2017, the price was $1.20, and in 2021 it was $1.69, representing an increase of 40.83%. The highest price was recorded in 2020, when it was $1.27. In 2021, the price was $1.69, and in 2022 it was $1.81, representing an increase of 42.09%. The current price of $1.81 is the highest price recorded in the last five years. Based on this trend, it is predicted that the price of Peanut (Groundnut) Oil in Thailand will continue to increase in the next two years, reaching $1.93 in 2023 and $2.05 in 2024.Export values for Thailand peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Thailand were in US dollar thousand for the years in that order.
Prices of other produce in the Processed category in Thailand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of peanut (groundnut) oil in other countries across Asia: Kazakhstan peanut (groundnut) oil, Kyrgyzstan peanut (groundnut) oil, Tajikistan peanut (groundnut) oil, Turkmenistan peanut (groundnut) oil, Uzbekistan peanut (groundnut) oil, China peanut (groundnut) oil, Hong Kong peanut (groundnut) oil, Macao peanut (groundnut) oil, North Korea peanut (groundnut) oil & Mongolia peanut (groundnut) oil.
Thailand peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnut) oil shipped by Thailand in 2020 was 79 metric tons. In 2019 Thailand shipped 11 tonnes of peanut (groundnut) oil. For 2019 alone, the demand for Thailand peanut (groundnut) oil (processed category) has remained relatively stable, compared to the year 2018. Between the years 2017 and 2019 the exports of peanut (groundnut) oil were very few, earning Thailand very little foreign income. Thailand's peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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Thailand peanut (groundnut) oil export values
Between 2011 and 2020, Thailand sold peanut (groundnut) oil worth US$ 0.
The annual variation in the amount of Thailand's peanut (groundnut) oil exports between 2017 and 2019 was stable.
Export markets for Thailand peanut (groundnut) oil ( in '000$ )
Thailand's leading destinations for peanut (groundnut) oil are Colombia, Djibouti, Singapore, Lao (Laos) and Cambodia.
Thailand imported 17 tonnes of peanut (groundnut) oil in 2019.