Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh - 2022

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $641 per ton, rising by 3% against the previous year. Overall, the import price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 an increase of 110% against the previous year. Over the period under review, average import prices hit record highs at $1,375 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($1,920 per ton), while the price for Indonesia ($281 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh (FOB) - 2022

In 2021, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,020 per ton, declining by -10.9% against the previous year. In general, the export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2014 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $2,267 per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +3.1% per year.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh

After three years of growth, supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -19.5% to 34 tons in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank rapidly to $22K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $26K, and then fell markedly in the following year.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Bangladesh in 2022:

1. Thailand (24.0 tons)
2. Indonesia (5.7 tons)
3. Vietnam (3.8 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bangladesh

In 2021, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 exported from Bangladesh surged to 50 tons, jumping by 647% on the previous year. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 soared to $101K in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Bangladesh in 2022:

1. Saudi Arabia (50.0 tons)

Source: IndexBox Market Intelligence Platform