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

Contents:

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

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

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,420 per ton, rising by 8.8% against the previous year. Over the period under review, the import price recorded mild growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 362% against the previous year. The import price peaked at $1,539 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1,737 per ton), while the price for Denmark ($1,151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour and meal; of potatoeses amounted to $948 per ton, flattening at the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +82.9% against 2014 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $955 per ton in 2021, and then fell slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($944 per ton), while the average price for exports to the UK stood at $891 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.0%).

Imports of Flour and Meal; of Potatoes in Pakistan

Flour and meal; of potatoes imports into Pakistan contracted to 1.9K tons in 2022, which is down by -14.3% against the previous year's figure. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 15%.

In value terms, flour and meal; of potatoes imports contracted to $2.7M in 2022. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year.

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

1. Netherlands (1474.5 tons)
2. Germany (110.0 tons)
3. United Kingdom (87.3 tons)
4. Belgium (78.4 tons)
5. Denmark (78.3 tons)
6. Poland (36.8 tons)

Exports of Flour and Meal; of Potatoes in Pakistan

After three years of growth, overseas shipments of flour and meal; of potatoeses decreased by -4.2% to 156 tons in 2022. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 9.1% against the previous year. As a result, the exports reached the peak of 163 tons, and then dropped slightly in the following year.

In value terms, flour and meal; of potatoes exports shrank to $148K in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.

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

1. United Arab Emirates (152.7 tons)
2. United Kingdom (3.2 tons)

Source: IndexBox Market Intelligence Platform