Flakes; of Potatoes Price in Belgium - 2023

Flakes; of Potatoes Price in Belgium (FOB) - 2023

In August 2023, the average flakes; of potatoes export price amounted to $2,061 per ton, therefore, remained relatively stable against the previous month. Over the period under review, export price indicated a measured increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, flakes; of potatoes export price decreased by -2.0% against June 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 26% m-o-m. Over the period under review, the average export prices attained the maximum at $2,104 per ton in June 2023; afterwards, it flattened through to August 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,671 per ton), while the average price for exports to Germany ($1,603 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Price in Belgium (CIF) - 2023

The average flakes; of potatoes import price stood at $2,026 per ton in August 2023, rising by 4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in May 2023 an increase of 15% against the previous month. As a result, import price attained the peak level of $2,255 per ton. From June 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($3,428 per ton), while the price for the Netherlands ($1,666 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Exports in Belgium

In 2022, overseas shipments of flakes; of potatoeses decreased by -26.7% to 72K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.

In value terms, flakes; of potatoes exports plummeted to $99M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22%.

Export of Flakes; of Potatoes in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	13.2	18.4	22.2	21.6	17.8%
Italy	21.9	22.7	26.9	19.4	-4.0%
Poland	7.2	8.3	11.4	14.6	26.6%
United Kingdom	9.2	11.2	8.9	8.1	-4.2%
Malaysia	3.2	5.1	3.6	5.5	19.8%
Brazil	4.1	3.2	3.0	4.4	2.4%
Netherlands	3.9	7.9	10.2	2.5	-13.8%
Spain	2.1	2.6	3.8	2.3	3.1%
Latvia	0.3	0.7	1.2	2.1	91.3%
Germany	4.4	5.8	7.9	2.1	-21.9%
China	1.7	4.1	2.7	2.0	5.6%
Nigeria	1.4	1.7	1.6	1.6	4.6%
Portugal	3.7	2.9	2.6	1.5	-26.0%
Others	10.9	12.0	14.4	11.3	1.2%
Total	87.2	107	120	98.9	4.3%

Top Export Markets for Flakes; of Potatoes from Belgium in 2022:

France (17.1K tons)
Poland (14.3K tons)
Italy (11.6K tons)
United Kingdom (6.1K tons)
Malaysia (5.0K tons)
Brazil (2.6K tons)
Netherlands (1.7K tons)
Latvia (1.4K tons)
Germany (1.4K tons)
China (1.3K tons)
Spain (1.3K tons)
Nigeria (1.2K tons)
Portugal (0.8K tons)

Flakes; of Potatoes Imports in Belgium

In 2022, supplies from abroad of flakes; of potatoeses decreased by -16.6% to 29K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 78%.

In value terms, flakes; of potatoes imports totaled $34M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. As a result, imports reached the peak of $37M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Flakes; of Potatoes in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	9.9	15.8	14.1	17.2	20.2%
France	8.0	14.6	9.2	11.4	12.5%
Germany	1.5	3.2	7.0	4.2	40.9%
United Kingdom	1.1	1.6	1.7	1.0	-3.1%
United States	2.5	1.5	0.2	0.2	-56.9%
Others	0.4	0.1	0.2	0.2	-20.6%
Total	23.5	36.7	32.5	34.1	13.2%