What is the price of peanut (groundnuts) per kilogram/pound in US today?
The retail price range for US peanut (groundnuts) is between US$ 1.95 and US$ 3.90 per kilogram or between US$ 0.89 and US$ 1.77 per pound(lb). Click here to see today's exact prices of peanut (groundnuts) in US
The retail price range in Euro for peanut (groundnuts) is between EUR 1.79 and EUR 3.58 per kilogram or between EUR 0.81 and EUR 1.62 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US peanut (groundnuts) is between US$ 1.37 and US$ 2.73 per kilogram or between US$ 0.62 and US$ 1.24 per pound(lb).
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US Peanut (groundnuts) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peanut (Groundnuts) from the US has seen a steady increase over the last five years. In 2017, the price was 2.46 US dollars per kilogram, and by 2021, it had risen to 2.78 US dollars per kilogram. This represents an increase of 13.4%. Looking ahead, we predict that the export price per kilogram of Peanut (Groundnuts) from the US will continue to rise, reaching 2.99 US dollars per kilogram in 2022 and 3.14 US dollars per kilogram in 2023. In 2024, we predict the export price per kilogram of Peanut (Groundnuts) from the US will be 3.29 US dollars.The exports of peanut (groundnuts) from US are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
US Peanut (groundnuts) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peanut (Groundnuts) into the US has been relatively stable over the last five years. In 2016, the price was at its lowest point of $2.23, before increasing to $2.59 in 2018. The price then rose to $2.63 in 2019 and further to $2.71 in 2020. The most recent data shows that the price has increased to $2.78 in 2021. Based on this trend, it is predicted that the import price per kilogram of Peanut (Groundnuts) into the US will be $2.99 in 2022 and $3.12 in 2023.Export values for US peanut (groundnuts)
The total values in export for peanut (groundnuts) in US were US$ 257,966, US$ 241,321, US$ 238,358 and US$ 208,798 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 US: Pine nuts, Pecans, Chia seeds & Hemp seeds.
See prices of peanut (groundnuts) in other countries across North America: Canada peanut (groundnuts), US peanut (groundnuts), Anguilla peanut (groundnuts), Antigua and Barbuda peanut (groundnuts), Bermuda peanut (groundnuts), Bonaire, Sint Eustatius and Saba peanut (groundnuts), St.Pierre and Miquelon peanut (groundnuts), United States Minor Outlying Islands peanut (groundnuts), Cayman Islands peanut (groundnuts) & Greenland peanut (groundnuts).
US peanut (groundnuts) - Production, Exports, Imports, Seasons and HS Codes
The quantity of peanut (groundnuts) shipped by US in 2020 was 73,402 metric tons. In 2019 US shipped 79,532 tonnes of peanut (groundnuts). In 2019 alone, the demand for US peanut (groundnuts) (nuts and oil seeds category) has shrunk, with a change of -13.61 % compared to the year 2018. Between 2017 and 2019, peanut (groundnuts)'s exports reduced by -18.84 percent netting the country US$208.80m for the year 2019. US' peanut (groundnuts) exports are classified as:
- Groundnuts, prepared or preserved (excluding preserved with sugar) (HS code 200811)
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US peanut (groundnuts) export values
In 2019, US shipped peanut (groundnuts) costing 208.80m USD, a contraction of -12.40% from 2018's total peanut (groundnuts) export of 238.358m USD. The annual change in value of US peanut (groundnuts) between 2017 to 2018 was -1.228 pc.
The annual/yearly variation in the amount of US' peanut (groundnuts) exports between 2017 and 2019 was -18.84 pc compared to a variation of -13.61% in the period between 2018 and 2019.
US' stake of the world's total peanut (groundnuts)'s exports in 2019 was 13.5%. US is ranked position 2 in world exports of peanut (groundnuts).
Export markets for US peanut (groundnuts) ( in '000$ )
US' top destinations for peanut (groundnuts) are Canada, Mexico, Australia, Japan and Hong Kong.
Import/Export Trends
US is a net importer of peanut (groundnuts). The annual growth of US peanut (groundnuts) in value between 2015 to 2019 was -9%, per year, while annual growth in quantity through the same period was -11%, per annum.
US ordered 45,670 tonnes of peanut (groundnuts) in 2019.
Production
The production of peanut (groundnuts) in US was 2,492,980 tonnes in 2019 and is forecast to change by an average of 0%. The country had an estimated 563,210.00 hectares under peanut (groundnuts) cultivation.