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

Contents:

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

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

The average import price for flour and meal; of potatoeses stood at $1,602 per ton in 2022, remaining stable against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 increased by +33.8% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $1,893 per ton in 2018; however, from 2019 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 France ($14,258 per ton), while the price for the Netherlands ($755 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+49.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour and meal; of potatoeses stood at $726 per ton in 2022, growing by 23% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2016 when the average export price increased by 115% against the previous year. The export price peaked at $3,588 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($3,343 per ton), while the average price for exports to Spain amounted to $622 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.6%).

Imports of Flour and Meal; of Potatoes in Portugal

Flour and meal; of potatoes imports into Portugal soared to 135 tons in 2022, picking up by 174% on the year before. Overall, imports saw significant growth. 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 surged to $216K in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (85.3 tons)
2. Germany (33.1 tons)
3. Spain (7.7 tons)
4. Italy (5.2 tons)
5. France (3.3 tons)
6. United Kingdom (0.1 tons)

Exports of Flour and Meal; of Potatoes in Portugal

In 2022, approx. 116 tons of flour and meal; of potatoeses were exported from Portugal; picking up by 60% compared with the year before. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 889% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, flour and meal; of potatoes exports soared to $84K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 342% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Spain (110.5 tons)
2. Angola (2.6 tons)
3. France (1.1 tons)
4. Cabo Verde (0.4 tons)

Source: IndexBox Market Intelligence Platform