What is the price of peanut (groundnuts) per kilogram/pound in Vietnam today?
The retail price range for Vietnam peanut (groundnuts) is between US$ 1.93 and US$ 5.32 per kilogram or between US$ 0.88 and US$ 2.41 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in Vietnam
The retail price range in Dong for peanut (groundnuts) is between VND 48,320.00 and VND 132,880.00 per kilogram or between VND 21,913.83 and VND 60,263.04 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam peanut (groundnuts) is between US$ 1.35 and US$ 3.72 per kilogram or between US$ 0.61 and US$ 1.69 per pound(lb).
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Vietnam Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from Vietnam over the last five years has seen a steady increase. In 2013, the price was 2.54 US dollars per kg, and by 2020, it had risen to 2.96 US dollars per kg. This represents an increase of 16.5%. The highest price was recorded in 2018, at 3.25 US dollars per kg. It is likely that the export price of Peanut (Groundnuts) from Vietnam will continue to rise in the coming years, with an estimated price of 3.17 US dollars per kg in 2023 and 3.30 US dollars per kg in 2024.Vietnam Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into Vietnam has seen a steady increase over the last five years. In 2015, the price was 2.33 US dollars per kg, and this increased to 2.45 US dollars per kg in 2016. In 2017, the price rose to 2.83 US dollars per kg, and in 2018 it further increased to 3.25 US dollars per kg. The price then dropped slightly in 2019 to 2.84 US dollars per kg, before rising again in 2020 to 2.96 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Peanut (Groundnuts) into Vietnam will continue to increase in the coming years. Predicted prices for 2023 and 2024 are 3.45 US dollars per kg and 3.68 US dollars per kg respectively.Export values for Vietnam peanut (groundnuts)
The total values in export for peanut (groundnuts) in Vietnam were US$ 8,732, US$ 8,035, US$ 8,811 and US$ 9,606 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 Vietnam: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Asia: Kazakhstan peanut (groundnuts), Kyrgyzstan peanut (groundnuts), Tajikistan peanut (groundnuts), Turkmenistan peanut (groundnuts), Uzbekistan peanut (groundnuts), China peanut (groundnuts), Hong Kong peanut (groundnuts), Macao peanut (groundnuts), North Korea peanut (groundnuts) & Mongolia peanut (groundnuts).
Vietnam peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 3,382 tonnes of peanut (groundnuts). Across 2019 alone, the interest in Vietnam peanut (groundnuts) (nuts and oil seeds category) has escalated, changing by 24.843 pc compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports increased by 19 percent netting the exporter US$9.61m for the year 2019. Vietnam's peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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Vietnam peanut (groundnuts) export values
In 2019, Vietnam sold peanut (groundnuts) with a value of 9.61m USD, an increase of 9.07% from 2018's total peanut (groundnuts) export of 8.811m USD. The annual change in value of Vietnam peanut (groundnuts) between 2017 to 2018 was 9.658 pc.
The annual change in the amount of Vietnam's peanut (groundnuts) exports between 2017 and 2019 was 19% in comparison to a variation of 24.843% in the period between 2018 and 2019.
Vietnam's stake of the world's total peanut (groundnuts)'s exports in 2019 was 1%. Vietnam holds position 15 in world exports of peanut (groundnuts).
Export markets for Vietnam peanut (groundnuts) ( in '000$ )
Vietnam procured 313 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in Vietnam was 438,863 tonnes in 2019 and is forecast to change by an average of -3.92%. The country had an estimated 177,043.00 hectares under peanut (groundnuts) cultivation.