What is the price of peanut (groundnut) oil per kilogram/pound in United Arab Emirates (UAE) today?
The retail price range for United Arab Emirates (UAE) peanut (groundnut) oil is between US$ 1.22 and US$ 2.01 per kilogram or between US$ 0.55 and US$ 0.91 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in United Arab Emirates (UAE)
The retail price range in United Arab Emirates dirham for peanut (groundnut) oil is between AED 4.49 and AED 7.37 per kilogram or between AED 2.04 and AED 3.34 per pound(lb) in Abu Dhabi and Dubai.
Wholesale prices
In 2024, the approximate wholesale price range for United Arab Emirates (UAE) peanut (groundnut) oil is between US$ 0.86 and US$ 1.40 per kilogram or between US$ 0.39 and US$ 0.64 per pound(lb).
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United Arab Emirates (UAE) Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from United Arab Emirates (UAE) has seen a lot of fluctuation over the last five years. In 2012, the price was 2.43 US $ per kg, which increased to 2.60 US $ per kg in 2013. However, in 2014, the price jumped to 5.40 US $ per kg, before dropping to 1.71 US $ per kg in 2015. The price then decreased further to 0.77 US $ per kg in 2016, before rising to 1.42 US $ per kg in 2017. In 2018, the price dropped to 1.28 US $ per kg, before increasing to 2.10 US $ per kg in 2019. The price then dropped to 0.88 US $ per kg in 2020, before rising to 1.95 US $ per kg in 2021. Based on this data, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from United Arab Emirates (UAE) will be around 2.00 US $ per kg in 2023 and 2.10 US $ per kg in 2024.The peanut (groundnut) oil exports from United Arab Emirates (UAE) 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)
United Arab Emirates (UAE) Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnut) Oil into the United Arab Emirates (UAE) has seen a significant fluctuation over the last five years. In 2012, the price was 2.43 US dollars per kg, which increased to 2.60 US dollars per kg in 2013. However, in 2014, the price rose sharply to 5.40 US dollars per kg. This was followed by a decrease in 2015 to 1.71 US dollars per kg. In 2016, the price dropped further to 0.77 US dollars per kg. The price then increased to 1.42 US dollars per kg in 2017 and 1.28 US dollars per kg in 2018. In 2019, the price rose to 2.10 US dollars per kg and then decreased to 0.88 US dollars per kg in 2020. The latest data shows that the price has increased to 1.95 US dollars per kg in 2021. Based on the data, it is likely that the import price per kilogram of Peanut (Groundnut) Oil into the United Arab Emirates (UAE) will continue to fluctuate in the coming years. It is predicted that the price will increase to around 2.20 US dollars per kg in 2023 and then decrease to 1.80 US dollars per kg in 2024.Export values for United Arab Emirates (UAE) peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in United Arab Emirates (UAE) were US$ 33, US$ 347, US$ 60 and US$ 21 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Arab Emirates (UAE): 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 Middle East: Bahrain peanut (groundnut) oil, Cyprus peanut (groundnut) oil, Iraq peanut (groundnut) oil, Israel peanut (groundnut) oil, Jordan peanut (groundnut) oil, Kuwait peanut (groundnut) oil, Lebanon peanut (groundnut) oil, Palestine peanut (groundnut) oil, Oman peanut (groundnut) oil & Qatar peanut (groundnut) oil.
United Arab Emirates (UAE) peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 United Arab Emirates (UAE) exported 10 tonnes of peanut (groundnut) oil. In 2019 alone, the interest in United Arab Emirates (UAE) peanut (groundnut) oil (processed category) has reduced, with a change of -78.723 pc compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went down by -95.9 percent earning the nation US$0.02m for the year 2019. United Arab Emirates (UAE)'s peanut (groundnut) oil exports are classified as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
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United Arab Emirates (UAE) peanut (groundnut) oil export values
In 2019, United Arab Emirates (UAE) sold peanut (groundnut) oil worth 0.02m USD, a contraction of -66.67% from 2018's total peanut (groundnut) oil export of 0.06m USD. The yearly reduction in value of United Arab Emirates (UAE) peanut (groundnut) oil between 2017 to 2018 was -82.709 per cent.
The yearly variation in the quantity of United Arab Emirates (UAE)'s peanut (groundnut) oil exports between 2017 and 2019 was -95.9 per cent when compared to a variation of -78.723% in the growth rate between 2018 and 2019.
Export markets for United Arab Emirates (UAE) peanut (groundnut) oil ( in '000$ )
United Arab Emirates (UAE)'s leading destinations for peanut (groundnut) oil are Ghana, Yemen, Oman, Bahrain and Japan.
United Arab Emirates (UAE) procured 51,606 tonnes of peanut (groundnut) oil in 2019.