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

Contents:

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

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

In June 2023, the average export price for flour and meal; of potatoeses amounted to $1,226 per ton, with a decrease of -18.8% against the previous month. Over the period under review, the export price saw a mild decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 19% m-o-m. Over the period under review, the average export prices hit record highs at $1,584 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was South Korea ($2,237 per ton), while the average price for exports to Canada ($1,192 per ton) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In June 2023, the average import price for flour and meal; of potatoeses amounted to $848 per ton, approximately equating the previous month. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in January 2023 an increase of 14% month-to-month. Over the period under review, average import prices reached the peak figure at $1,512 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($2,763 per ton), while the price for Honduras ($705 per ton) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of Potatoes in the United States

In 2022, the amount of flour and meal; of potatoeses exported from the United States skyrocketed to 13K tons, with an increase of 37% on the year before. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +69.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes exports surged to $17M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +57.6% against 2020 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 United States in 2022:

1. Netherlands (undefinedK tons)
2. Canada (5.0K tons)
3. South Korea (4.4K tons)
4. Japan (1.8K tons)
5. United Kingdom (0.7K tons)

Imports of Flour and Meal; of Potatoes in the United States

In 2022, approx. 8.6K tons of flour and meal; of potatoeses were imported into the United States; increasing by 19% against the previous year's figure. The total import volume increased at an average annual rate of +12.0% 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 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flour and meal; of potatoes imports soared to $10M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Canada (3.8K tons)
2. India (1.2K tons)
3. Italy (0.9K tons)
4. Taiwan (Chinese) (0.9K tons)
5. Poland (0.9K tons)
6. China (0.4K tons)

Source: IndexBox Market Intelligence Platform