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

Contents:

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

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

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,468 per ton, with an increase of 6.5% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $1,476 per ton in 2019; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($1,468 per ton) and Denmark ($1,468 per ton), while the price for France ($1,468 per ton) and the Netherlands ($1,468 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour and meal; of potatoeses stood at $1,424 per ton in 2022, with an increase of 6.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96%. The export price peaked at $1,522 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -8.5% per year.

Imports of Flour and Meal; of Potatoes in the Philippines

In 2022, supplies from abroad of flour and meal; of potatoeses was finally on the rise to reach 16K tons after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern.

In value terms, flour and meal; of potatoes imports skyrocketed to $23M in 2022. In general, imports, however, recorded a relatively flat trend pattern.

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

1. United States (undefinedK tons)
2. Germany (9.9K tons)
3. Netherlands (2.8K tons)
4. Denmark (1.9K tons)
5. France (0.7K tons)

Exports of Flour and Meal; of Potatoes in the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of flour and meal; of potatoeses, which decreased by -99.3% to 59 kg in 2022. In general, exports continue to indicate a dramatic downturn. The smallest decline of -73.9% was in 2020.

In value terms, flour and meal; of potatoes exports shrank sharply to $84 in 2022. Overall, exports faced a dramatic downturn. The smallest decline of -48.9% was in 2020.

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

1. Japan (59.0 kg)

Source: IndexBox Market Intelligence Platform