Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in France - 2023

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,831 per ton in 2022, waning by -19.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. The import price peaked at $2,276 per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Togo ($2,212 per ton), while the price for Cameroon ($702 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $1,427 per ton, with a decrease of -8.5% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2019 an increase of 70%. Over the period under review, the average export prices hit record highs at $4,331 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($7,621 per ton), while the average price for exports to Italy ($1,148 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 Spain (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of flour and meal; of sago, roots or tubers of heading no. 0714 into France soared to 1.8K tons in 2022, increasing by 15% against the year before. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 fell to $3.4M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports attained the peak of $3.7M, and then dropped in the following year.

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

1. Belgium (414.1 tons)
2. Benin (235.9 tons)
3. Brazil (217.1 tons)
4. Togo (201.0 tons)
5. Thailand (172.8 tons)
6. Cote d'Ivoire (144.1 tons)
7. Cameroon (95.6 tons)
8. Spain (71.0 tons)
9. Peru (47.3 tons)
10. Honduras (6.9 tons)

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

For the fourth consecutive year, France recorded growth in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 0.7% to 806 tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 425%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 declined to $1.2M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 164% against the previous year. As a result, the exports attained the peak of $1.2M, and then reduced in the following year.

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

1. Italy (736.0 tons)
2. Portugal (24.5 tons)
3. Belgium (12.9 tons)
4. Spain (12.1 tons)
5. United Kingdom (8.1 tons)
6. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform