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

Contents:

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

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $5,835 per ton, reducing by -13.1% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The growth pace was the most rapid in 2014 when the average import price increased by 65%. As a result, import price attained the peak level of $8,868 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($10,066 per ton), while the price for the United States ($5,588 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), 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 Mexico (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,265 per ton, remaining stable against the previous year. In general, the export price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $3,347 per ton. From 2018 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 United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

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

For the third year in a row, Mexico recorded decline in supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714, which decreased by -55.8% to 20 tons in 2022. Overall, imports saw a precipitous curtailment. The smallest decline of -24.2% was in 2020.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 plummeted to $119K in 2022. In general, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of $520K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Peru (18.4 tons)
2. United States (1.0 tons)
3. China (1.0 tons)

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

After two years of decline, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -50% to 27 tons in 2022. In general, exports, however, showed significant growth.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted dramatically to $61K in 2022. Overall, exports, however, saw significant growth.

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

1. United Arab Emirates (27.1 tons)

Source: IndexBox Market Intelligence Platform