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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,594 per ton in 2022, with an increase of 70% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,797 per ton), while the price for Angola ($701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), 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 Portugal (FOB) - 2023

In October 2023, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,684 per ton, remaining relatively unchanged against the previous month. Overall, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in December 2022 when the average export price increased by 52% month-to-month. Over the period under review, the average export prices reached the maximum at $4,098 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was France ($6,158 per ton), while the average price for exports to Luxembourg ($1,343 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.8%), 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 Portugal

In 2022, purchases abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -25.9% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, imports attained the peak of 1.5K tons, and then plummeted in the following year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 soared to $1.8M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.5% 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 +75.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Brazil (648.1 tons)
2. Spain (159.6 tons)
3. France (92.6 tons)
4. Cameroon (75.7 tons)
5. Italy (53.7 tons)
6. Angola (36.3 tons)
7. Germany (26.6 tons)

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 exported from Portugal expanded to 227 tons, with an increase of 3.4% against the previous year. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.2%. Over the period under review, the exports of reached the maximum 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 soared to $838K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (74.0 tons)
2. Spain (60.4 tons)
3. France (22.2 tons)
4. Cabo Verde (19.4 tons)
5. Switzerland (14.6 tons)
6. Ireland (5.3 tons)
7. Luxembourg (4.7 tons)
8. Belgium (4.4 tons)
9. United Kingdom (3.6 tons)
10. Netherlands (1.8 tons)

Source: IndexBox Market Intelligence Platform