Price for Flour and Meal; of Potatoes in Singapore - 2022

Contents:

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

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

The average import price for flour and meal; of potatoeses stood at $2,056 per ton in 2022, declining by -3.6% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +26.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37% against the previous year. The import price peaked at $2,613 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,417 per ton), while the price for Malaysia ($1,339 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour and meal; of potatoeses stood at $1,445 per ton in 2022, which is down by -5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. As a result, the export price attained the peak level of $1,788 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Malaysia ($2,808 per ton), while the average price for exports to Indonesia ($1,413 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 Myanmar (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Singapore

In 2022, flour and meal; of potatoes imports into Singapore soared to 285 tons, rising by 37% against 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 130% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, flour and meal; of potatoes imports surged to $585K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Netherlands (166.7 tons)
2. United States (51.3 tons)
3. Malaysia (31.1 tons)
4. China (10.4 tons)
5. India (9.3 tons)
6. Indonesia (4.5 tons)

Exports of Flour and Meal; of Potatoes in Singapore

Flour and meal; of potatoes exports from Singapore skyrocketed to 365 tons in 2022, growing by 30% compared with the year before. In general, exports, however, recorded a mild contraction.

In value terms, flour and meal; of potatoes exports skyrocketed to $528K in 2022. Overall, exports, however, showed a slight shrinkage.

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

1. Indonesia (344.0 tons)
2. Canada (9.9 tons)

Source: IndexBox Market Intelligence Platform