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

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ireland (CIF) - 2023
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ireland (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ireland
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ireland

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ireland (CIF) - 2023

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,121 per ton in October 2023, leveling off at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 37% m-o-m. The import price peaked at $2,146 per ton in September 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($2,255 per ton), while the price for Nigeria ($839 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+7.4%), 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 Ireland (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $3,980 per ton in 2022, which is down by -14.2% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 96% against the previous year. As a result, the export price attained the peak level of $22,225 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4,761 per ton), while the average price for exports to Malta stood at $3,333 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+16.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Ireland dropped markedly to 1.1K tons, shrinking by -24.2% compared with the year before. Overall, imports saw a precipitous slump. The smallest decline of -12.9% was in 2020.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank to $1.8M in 2022. Over the period under review, imports faced a precipitous setback. The smallest decline of -4.2% was in 2020.

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

1. United Kingdom (786.4 tons)
2. Nigeria (168.5 tons)
3. France (43.3 tons)
4. Netherlands (35.6 tons)
5. Ghana (22.1 tons)
6. United States (19.0 tons)
7. Germany (6.8 tons)

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

In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -51% to 101 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, the exports attained the peak of 67 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank rapidly to $402 in 2022. In general, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of $190K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Malta (54.0 kg)
2. United Kingdom (46.0 kg)

Source: IndexBox Market Intelligence Platform