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

Contents:

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

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

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,290 per ton, with a decrease of -8.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices attained the maximum at $3,921 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,195 per ton), while the average price for exports to Sweden ($641 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,485 per ton in 2022, dropping by -32.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 1,438% against the previous year. As a result, import price reached the peak level of $4,230 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,750 per ton), while the price for the United Arab Emirates stood at $2,473 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.9%).

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

For the fourth year in a row, Ethiopia recorded growth in overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 0.1% to 126 tons in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 192%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 fell to $288K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 167% against the previous year.

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

1. United States (57.5 tons)
2. South Africa (37.0 tons)
3. Canada (10.3 tons)
4. Sweden (9.7 tons)
5. Australia (5.1 tons)
6. United Kingdom (2.4 tons)
7. Saudi Arabia (0.5 tons)

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

In 2022, approx. 272 kg of flour and meal; of sago, roots or tubers of heading no. 0714 were imported into Ethiopia; rising by 444% on the year before. Over the period under review, imports, however, faced a abrupt setback.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $676 in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.

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

1. United Arab Emirates (260.0 kg)
2. China (12.0 kg)

Source: IndexBox Market Intelligence Platform