What is the price of groundnuts (peanuts) per kilogram/pound in US today?
The retail price range for US groundnuts (peanuts) is between US$ 0.98 and US$ 1.96 per kilogram or between US$ 0.44 and US$ 0.89 per pound(lb). Click here to see today's exact prices of groundnuts (peanuts) in US
The retail price range in Euro for groundnuts (peanuts) is between EUR 0.90 and EUR 1.80 per kilogram or between EUR 0.41 and EUR 0.81 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US groundnuts (peanuts) is between US$ 0.69 and US$ 1.37 per kilogram or between US$ 0.31 and US$ 0.62 per pound(lb).
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US Groundnuts (peanuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Groundnuts (Peanuts) from the US over the last five years has seen a steady decline. In 2021, the price was 1.12 US $ per kg, which is the highest in the last five years. In 2020, the price was 0.94 US $ per kg, the lowest in the last five years. In 2019, the price was 1.09 US $ per kg, and in 2018, the price was 1.13 US $ per kg. In 2017, the price was 1.14 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Groundnuts (Peanuts) from the US in 2023 will be around 1.09 US $ per kg and in 2024 will be around 1.05 US $ per kg.The US groundnuts (peanuts) exports are classified as:
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
US Groundnuts (peanuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Groundnuts (Peanuts) into the US has seen a steady decline over the last five years. In 2012, the price was $1.39, and it has decreased to $1.09 in 2019. The lowest price was recorded in 2020, when the price was $0.94. In 2021, the price increased to $1.12, and in 2022, it further increased to $1.24. Looking ahead, we can predict that the import price per kilogram of Groundnuts (Peanuts) into the US will remain relatively stable in the next two years. We predict that the price in 2023 will be around $1.17, and in 2024, it will be around $1.21.Export values for US groundnuts (peanuts)
The total values in export for groundnuts (peanuts) in US were US$ 584,633, US$ 447,066, US$ 454,090 and US$ 474,784 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in US: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of groundnuts (peanuts) in other countries across North America: Canada groundnuts (peanuts), US groundnuts (peanuts), Anguilla groundnuts (peanuts), Antigua and Barbuda groundnuts (peanuts), Bermuda groundnuts (peanuts), Bonaire, Sint Eustatius and Saba groundnuts (peanuts), St.Pierre and Miquelon groundnuts (peanuts), United States Minor Outlying Islands groundnuts (peanuts), Cayman Islands groundnuts (peanuts) & Greenland groundnuts (peanuts).
US groundnuts (peanuts) - Production, Exports, Imports, Seasons and HS Codes
The volume of groundnuts (peanuts) exported by US in 2020 was 608,887 metric tonnes. In 2019 US exported 434,682 tonnes of groundnuts (peanuts). In 2019 alone, the market for US groundnuts (peanuts) (nuts category) has improved, recording a change of 8.586 pc compared to the year 2018. Between 2017 and 2019, groundnuts (peanuts)'s exports increased by 11.26 pc netting the country US$474.78m for the year 2019. US' groundnuts (peanuts) exports are categorised as:
- Groundnut seed, for sowing (HS code 120230)
- Groundnuts in shell, not roasted or otherwise cooked (HS code 120210)
- Shelled groundnuts, whether or not broken (excluding roasted or otherwise cooked) (HS code 120220)
- Groundnuts, in shell (excluding seed for sowing, roasted or otherwise cooked) (HS code 120241)
- Groundnuts, shelled, whether or not broken (excluding seed for sowing, roasted or otherwise cooked) (HS code 120242)
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US groundnuts (peanuts) export values
In 2019, US supplied groundnuts (peanuts) with a value of 474.78m USD, an increment of 4.56% from 2018's total groundnuts (peanuts) export of 454.09m USD. The yearly increase in value of US groundnuts (peanuts) between 2017 to 2018 was 1.571 pc.
The per year variation in the amount of US' groundnuts (peanuts) exports between 2017 and 2019 was 11.26 pc in comparison to a variation of 8.586% in the period between 2018 and 2019.
US' share of the world's total groundnuts (peanuts)'s exports in 2019 was 1 percent. The country is ranked position 10 in world exports of groundnuts (peanuts).
Export markets for US groundnuts (peanuts) ( in '000$ )
US' leading export markets for groundnuts (peanuts) are Italy, Denmark, Australia, Spain and Japan.
Import/Export Trends
US is a net importer of groundnuts (peanuts). The annual growth of US groundnuts (peanuts) in value between 2015 to 2019 was -7%, per year, while annual growth in quantity through the same period was -5%, per annum.
US purchased 8,785 tonnes of groundnuts (peanuts) in 2019.