Price for Flour and Meal; of Potatoes in the Netherlands - 2023

Contents:

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

Price for Flour and Meal; of Potatoes in the Netherlands (FOB) - 2023

In June 2023, the average export price for flour and meal; of potatoeses amounted to $2,231 per ton, shrinking by -4.9% against the previous month. Overall, export price indicated a measured expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, flour and meal; of potatoes export price decreased by -4.9% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices reached the maximum at $2,346 per ton in May 2023, and then shrank modestly in the following month.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Japan ($5,431 per ton), while the average price for exports to Serbia ($1,095 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for flour and meal; of potatoeses stood at $1,916 per ton in June 2023, declining by -24.1% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 55% against the previous month. Over the period under review, average import prices attained the peak figure at $2,599 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Hong Kong SAR ($2,838 per ton), while the price for the UK stood at $2,650 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of Potatoes in the Netherlands

Flour and meal; of potatoes exports from the Netherlands rose notably to 63K tons in 2022, surging by 13% on the previous year's figure. The total export volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flour and meal; of potatoes exports soared to $94M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.3% against 2019 indices. 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 the Netherlands in 2022:

1. United Kingdom (13.6K tons)
2. China (7.8K tons)
3. Germany (6.0K tons)
4. Philippines (4.1K tons)
5. France (3.9K tons)
6. Japan (2.7K tons)
7. Lebanon (2.7K tons)
8. Spain (2.7K tons)
9. United States (2.5K tons)
10. Italy (2.3K tons)
11. Belgium (2.1K tons)
12. Pakistan (1.8K tons)
13. Nigeria (1.4K tons)

Imports of Flour and Meal; of Potatoes in the Netherlands

In 2022, overseas purchases of flour and meal; of potatoeses decreased by -80% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year.

In value terms, flour and meal; of potatoes imports shrank significantly to $2.1M in 2022. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 124% against the previous year. As a result, imports reached the peak of $7.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. United Kingdom (309.8 tons)
2. France (243.2 tons)
3. Denmark (119.7 tons)
4. Israel (107.1 tons)
5. Belgium (95.4 tons)
6. Hong Kong SAR (62.9 tons)
7. Germany (51.8 tons)

Source: IndexBox Market Intelligence Platform