Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Norway - 2024

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $4,340 per ton in 2022, growing by 20% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 the United States ($5,670 per ton), while the price for Ghana ($2,490 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.6%), 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 Norway (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $5,834 per ton in 2022, falling by -18.6% against the previous year. Overall, the export price, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 935%. Over the period under review, the average export prices reached the peak figure at $10,651 per ton in 2018; however, from 2019 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 Slovenia ($5,976 per ton), while the average price for exports to Denmark ($2,500 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -17.8% to 38 tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 32%.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank to $164K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37%.

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

1. Ghana (12.2 tons)
2. Nigeria (6.8 tons)
3. United Kingdom (4.9 tons)
4. Uganda (3.4 tons)
5. Brazil (3.1 tons)
6. United States (1.4 tons)
7. India (1.3 tons)
8. Germany (0.9 tons)
9. Mexico (0.2 tons)

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

For the fourth consecutive year, Norway recorded growth in overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 2.9% to 524 kg in 2022. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 dropped rapidly to $3.1K in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.

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

1. Slovenia (500.0 kg)
2. Netherlands (22.0 kg)

Source: IndexBox Market Intelligence Platform