What is the price of peanut (groundnuts) per kilogram/pound in Turkey today?
The retail price range for Turkey peanut (groundnuts) is between US$ 3.91 and US$ 7.82 per kilogram or between US$ 1.77 and US$ 3.55 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Turkey
The retail price range in Turkish Lira for peanut (groundnuts) is between TRY 77.49 and TRY 154.98 per kilogram or between TRY 35.14 and TRY 70.28 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey peanut (groundnuts) is between US$ 2.74 and US$ 5.48 per kilogram or between US$ 1.24 and US$ 2.48 per pound(lb).
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Turkey Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Turkey has seen a steady decline over the last five years. In 2012, the price was 4.23 US dollars per kg, which dropped to 3.64 US dollars per kg in 2013. This trend continued in 2014, when the price fell to 3.52 US dollars per kg. In 2015, the price rose slightly to 3.71 US dollars per kg, before dropping again to 3.07 US dollars per kg in 2016. The price has continued to decrease since then, with the most recent figures showing a price of 2.74 US dollars per kg in 2020 and 1.77 US dollars per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Peanut (Groundnuts) from Turkey will be around 1.60 US dollars per kg in 2023 and 1.45 US dollars per kg in 2024.The peanut (groundnuts) exports from Turkey are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
Turkey Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Turkey has seen a steady decline over the last five years. In 2017, the price was 3.01 US $ per kg, which dropped to 2.8 US $ per kg in 2018. In 2019, the price was 2.72 US $ per kg and in 2020, it was 2.74 US $ per kg. The most significant decrease was seen in 2021, when the price dropped to 1.96 US $ per kg. The price further decreased to 1.77 US $ per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Peanut (Groundnuts) into Turkey will remain relatively stable in the next two years. It is expected that the price will be 1.77 US $ per kg in 2023 and 1.78 US $ per kg in 2024.Export values for Turkey peanut (groundnuts)
The total values in export for peanut (groundnuts) in Turkey were US$ 4,816, US$ 4,392, US$ 4,717 and US$ 5,482 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 Turkey: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Middle East: Bahrain peanut (groundnuts), Cyprus peanut (groundnuts), Iraq peanut (groundnuts), Israel peanut (groundnuts), Jordan peanut (groundnuts), Kuwait peanut (groundnuts), Lebanon peanut (groundnuts), Palestine peanut (groundnuts), Oman peanut (groundnuts) & Qatar peanut (groundnuts).
Turkey peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnuts) exported by Turkey in 2020 was 2,333 metric tonnes. In 2019 Turkey sold 1,920 tonnes of peanut (groundnuts). For the year 2019 alone, the interest in Turkey peanut (groundnuts) (nuts and oil seeds category) has increased, flactuating by 13.947 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports increased by 31.51 percent bringing Turkey US$5.48m for the year 2019. Turkey's peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Turkey peanut (groundnuts) export values
In 2019, Turkey exported peanut (groundnuts) worth 5.48m USD, an increase of 16.18% from 2018's total peanut (groundnuts) export of 4.717m USD. The annual growth in value of Turkey peanut (groundnuts) between 2017 to 2018 was 7.4 percent.
The annual variation in the volume of Turkey's peanut (groundnuts) exports between 2017 and 2019 was 31.51 pc compared to a variation of 13.947% in the period between 2018 and 2019.
Export markets for Turkey peanut (groundnuts) ( in '000$ )
Turkey's top destinations for peanut (groundnuts) are Germany, China, the Netherlands, France and United Kingdom (UK).
Turkey purchased 376 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Turkey was 169,328 tonnes in 2019 and is projected to change by an average of -2.59%. The country had approximately 42,218.00 hectares under peanut (groundnuts) cultivation.