Price for Flour and Meal; of Potatoes in Australia - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Australia (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Australia (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Australia
4. Exports of Flour and Meal; of Potatoes in Australia

Price for Flour and Meal; of Potatoes in Australia (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,888 per ton, with an increase of 7.4% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flour and meal; of potatoes import price decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 36%. As a result, import price attained the peak level of $1,955 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($2,430 per ton), while the price for Poland ($1,502 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Australia (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $2,211 per ton in 2022, falling by -11.9% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flour and meal; of potatoes export price increased by +38.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 63%. Over the period under review, the average export prices attained the maximum at $2,961 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4,717 per ton), while the average price for exports to Norfolk Island ($539 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Potatoes in Australia

In 2022, imports of flour and meal; of potatoeses into Australia surged to 642 tons, increasing by 43% compared with the year before. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 101%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, flour and meal; of potatoes imports soared to $1.2M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 81%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour and Meal; of Potatoes to Australia in 2022:

1. China (317.1 tons)
2. India (121.4 tons)
3. United States (73.2 tons)
4. Poland (61.9 tons)
5. Italy (40.3 tons)
6. Thailand (17.2 tons)

Exports of Flour and Meal; of Potatoes in Australia

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -61.3% to 92 tons, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 63%. As a result, the exports reached the peak of 321 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flour and meal; of potatoes exports reduced remarkably to $204K in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 61% against the previous year.

Top Export Markets for Flour and Meal; of Potatoes from Australia in 2022:

1. New Zealand (43.8 tons)
2. Hong Kong SAR (20.6 tons)
3. Norfolk Island (9.4 tons)
4. Nauru (8.5 tons)
5. Singapore (3.7 tons)
6. United Kingdom (1.8 tons)
7. Fiji (0.1 tons)

Source: IndexBox Market Intelligence Platform