What is the price of peanut (groundnuts) per kilogram/pound in South Africa today?
The retail price range for South Africa peanut (groundnuts) is between US$ 2.95 and US$ 4.91 per kilogram or between US$ 1.34 and US$ 2.23 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in South Africa
The retail price range in Rand for peanut (groundnuts) is between ZAR 57.29 and ZAR 95.48 per kilogram or between ZAR 25.98 and ZAR 43.30 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa peanut (groundnuts) is between US$ 2.06 and US$ 3.44 per kilogram or between US$ 0.94 and US$ 1.56 per pound(lb).
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South Africa Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
In 2016, the export price was 2.15 US$ per Kg. In 2017, the export price was 2.11US$ per Kg. In 2018, the export price was 2.17 US$ per Kg. In 2019, the export price was 2.36 US$ per Kg. In 2020, the export price was 2.56 US$ per Kg. For 2023, the predicted export price is 3.62 US$ per Kg.
The South Africa peanut (groundnuts) exports are categorised as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
South Africa Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into South Africa has been relatively stable over the last five years. In 2017, the price was 2.15 US dollars per kg, followed by 2.11 US dollars per kg in 2018. In 2019, the price increased to 2.17 US dollars per kg, and then further increased to 2.36 US dollars per kg in 2020. The highest price was recorded in 2021, at 2.56 US dollars per kg, before dropping slightly to 2.63 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Peanut (Groundnuts) into South Africa will remain relatively stable in the next two years. The price is expected to be 2.71 US dollars per kg in 2023 and 2.78 US dollars per kg in 2024.Export values for South Africa peanut (groundnuts)
The total values in export for peanut (groundnuts) in South Africa were US$ 10,805, US$ 14,984, US$ 13,806 and US$ 15,058 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 South Africa: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across Africa: Algeria peanut (groundnuts), Angola peanut (groundnuts), Botswana peanut (groundnuts), Burundi peanut (groundnuts), Cameroon peanut (groundnuts), Cape Verde peanut (groundnuts), Central African Republic peanut (groundnuts), Comoros peanut (groundnuts), DRC Congo peanut (groundnuts) & Benin peanut (groundnuts).
South Africa peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 961,441 tonnes of peanut (groundnuts). For 2019 alone, the demand for South Africa peanut (groundnuts) (nuts and oil seeds category) has gone down, flactuating by -15.986 pc compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports decreased by -21% bringing the country US$15.06m for the year 2019. South Africa's peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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South Africa peanut (groundnuts) export values
In 2019, South Africa supplied peanut (groundnuts) costing 15.06m USD, a growth of 9.08% from 2018's total peanut (groundnuts) export of 13.806m USD. The annual change in value of South Africa peanut (groundnuts) between 2017 to 2018 was -7.862%.
The annual/yearly change in the volume of South Africa's peanut (groundnuts) exports between 2017 and 2019 was -21 pc compared to a variation of -15.986% in the period between 2018 and 2019.
South Africa's portion of the world's total peanut (groundnuts)'s exports in 2019 was less than 1%. South Africa holds position 51 in world exports of peanut (groundnuts).
Export markets for South Africa peanut (groundnuts) ( in '000$ )
South Africa's leading destinations for peanut (groundnuts) are Nigeria, Pakistan, the Netherlands, DRC Congo and Namibia.
Import/Export Trends
South Africa is a net importer of peanut (groundnuts). The annual growth of South Africa peanut (groundnuts) in value between 2015 to 2019 was -66%, per annum, while annual growth in quantity for the same period was -48%, per annum.
South Africa procured 9,832 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in South Africa was 19,400 tonnes in 2019 and is predicted to change by an average of -65.96%. The country had an estimated 20,050.00 hectares under peanut (groundnuts) cultivation.