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

Contents:

1. Price for Flour and Meal; of Potatoes in Japan (CIF) - 2023
2. Price for Flour and Meal; of Potatoes in Japan (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Japan
4. Exports of Flour and Meal; of Potatoes in Japan

Price for Flour and Meal; of Potatoes in Japan (CIF) - 2023

In April 2023, the average import price for flour and meal; of potatoeses amounted to $2,607 per ton, declining by -3.3% against the previous month. In general, import price indicated a strong increase from July 2022 to April 2023: its price increased at an average monthly rate of +5.8% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, flour and meal; of potatoes import price decreased by -7.4% against January 2023 indices. The pace of growth was the most pronounced in December 2022 when the average import price increased by 38% against the previous month. The import price peaked at $2,815 per ton in January 2023; however, from February 2023 to April 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In April 2023, the countries with the highest prices were the United States ($2,942 per ton) and Poland ($2,594 per ton), while the price for India ($2,252 per ton) and Germany ($2,580 per ton) were amongst the lowest.

From July 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour and meal; of potatoeses amounted to $10,972 per ton, surging by 82% against the previous year. In general, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 412%. The export price peaked at $20,389 per ton in 2018; however, from 2019 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 Taiwan (Chinese) ($16,725 per ton), while the average price for exports to Australia ($6,033 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+24.7%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Potatoes in Japan

After two years of decline, purchases abroad of flour and meal; of potatoeses increased by 50% to 5.9K tons in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes imports soared to $9.4M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.

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

1. Germany (2.4K tons)
2. India (1.2K tons)
3. United States (1.0K tons)
4. Poland (0.7K tons)
5. Denmark (0.6K tons)

Exports of Flour and Meal; of Potatoes in Japan

In 2022, flour and meal; of potatoes exports from Japan skyrocketed to 4.9 tons, with an increase of 105% on 2021 figures. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 382%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, flour and meal; of potatoes exports soared to $54K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (1.8 tons)
2. Taiwan (Chinese) (1.7 tons)
3. Australia (1.2 tons)
4. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform