What is the price of peanut (groundnut) oil per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) peanut (groundnut) oil is between US$ 4.84 and US$ 9.67 per kilogram or between US$ 2.19 and US$ 4.39 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in United Kingdom (UK)
The retail price range in British pound sterling for peanut (groundnut) oil is between GBP 3.89 and GBP 7.77 per kilogram or between GBP 1.76 and GBP 3.52 per pound(lb) in London and Birmingham.
Wholesale prices
In 2024, the approximate wholesale price range for United Kingdom (UK) peanut (groundnut) oil is between US$ 3.39 and US$ 6.77 per kilogram or between US$ 1.54 and US$ 3.07 per pound(lb).
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United Kingdom (UK) Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnut) Oil from the United Kingdom (UK) over the last five years has seen a significant fluctuation. In 2011, the price was 5.75 US dollars per kg, which increased to 7.00 US dollars per kg in 2012. However, the price dropped to 5.37 US dollars per kg in 2013 and further decreased to 4.77 US dollars per kg in 2015. The lowest price was recorded in 2016 at 3.76 US dollars per kg. Since then, the price has been gradually increasing and reached a peak of 10.28 US dollars per kg in 2019. In 2020, the price dropped to 3.01 US dollars per kg and then increased to 8.11 US dollars per kg in 2021. The latest data shows that the price is 5.97 US dollars per kg in 2022. Based on the current trend, it is predicted that the export price per kilogram of Peanut (Groundnut) Oil from the UK will be around 6.50 US dollars per kg in 2023 and 7.00 US dollars per kg in 2024.The exports of peanut (groundnut) oil from United Kingdom (UK) are classified 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 Kingdom (UK) Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
Export values for United Kingdom (UK) peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in United Kingdom (UK) were US$ 647, US$ 719, US$ 778 and US$ 1,932 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 Kingdom (UK): 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 Europe: Georgia peanut (groundnut) oil, Albania peanut (groundnut) oil, Belarus peanut (groundnut) oil, Bosnia and Herzegovina peanut (groundnut) oil, Bulgaria peanut (groundnut) oil, Croatia peanut (groundnut) oil, Czech Republic peanut (groundnut) oil, Estonia peanut (groundnut) oil, Greece peanut (groundnut) oil & Hungary peanut (groundnut) oil.
United Kingdom (UK) peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnut) oil exported by United Kingdom (UK) in 2020 was 408 tonnes. In 2019 United Kingdom (UK) sold 188 tonnes of peanut (groundnut) oil. Across 2019 alone, the market for United Kingdom (UK) peanut (groundnut) oil (processed category) has improved, flactuating by 48.031 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went up by 20.51 percent bringing the nation US$1.93m for the year 2019. United Kingdom (UK)'s peanut (groundnut) oil exports are categorised as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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United Kingdom (UK) peanut (groundnut) oil export values
In 2019, United Kingdom (UK) shipped peanut (groundnut) oil costing 1.93m USD, a surge of 148.07% from 2018's total peanut (groundnut) oil export of 0.778m USD. The annual growth in value of United Kingdom (UK) peanut (groundnut) oil between 2017 to 2018 was 8.206 percent.
The yearly variation in the volume of United Kingdom (UK)'s peanut (groundnut) oil exports between 2017 and 2019 was 20.51 pc compared to a variation of 48.031% in the period between 2018 and 2019.
Export markets for United Kingdom (UK) peanut (groundnut) oil ( in '000$ )
United Kingdom (UK)'s top destinations for peanut (groundnut) oil are Norway, US, Canada, Germany and Ireland.
United Kingdom (UK) purchased 3,615 tonnes of peanut (groundnut) oil in 2019.