Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary - 2023

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary (CIF) - 2023
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary (CIF) - 2023

In September 2023, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,884 per ton, with an increase of 4.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 13% against the previous month. As a result, import price attained the peak level of $2,119 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to September 2023, the rate of growth in terms of prices for Slovakia amounted to 0.0% per month.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary (FOB) - 2022

In 2022, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $2,439 per ton, with a decrease of -34.3% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the maximum at $6,000 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($5,000 per ton), while the average price for exports to Romania stood at $2,420 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-0.8%).

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary

In 2022, purchases abroad of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -17.8% to 464 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 1.1% against the previous year. As a result, imports reached the peak of 885 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined significantly to $893K in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Hungary in 2022:

1. Turkey (151.8 tons)
2. Egypt (139.7 tons)
3. Netherlands (85.8 tons)
4. China (84.4 tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Hungary

In 2022, approx. 544 kg of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were exported from Hungary; picking up by 946% compared with the previous year. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $1.3K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Hungary in 2022:

1. Romania (540.0 kg)
2. Slovakia (4.0 kg)

Source: IndexBox Market Intelligence Platform