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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $5,231 per ton in 2022, increasing by 78% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($5,496 per ton), while the price for Brazil totaled $1,886 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+92.4%), 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 Colombia (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,320 per ton in 2022, picking up by 21% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 70%. As a result, the export price reached the peak level of $1,847 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +41.0% per year.

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Colombia declined remarkably to 23 tons, dropping by -44.5% on 2021. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 136%. As a result, imports reached the peak of 42 tons, and then reduced notably in the following year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 reduced to $121K in 2022. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year.

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

1. Peru (21.1 tons)
2. Brazil (2.0 tons)

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

In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -50.3% to 75 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 502%. As a result, the exports reached the peak of 227 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted markedly to $99K in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 602%. As a result, the exports attained the peak of $232K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Netherlands (75.0 tons)

Source: IndexBox Market Intelligence Platform