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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,973 per ton in 2022, rising by 83% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 112% against the previous year. Over the period under review, average import prices attained the maximum at $2,968 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Peru ($8,140 per ton), while the price for Malawi ($93 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), 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 South Africa (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,555 per ton in 2022, with a decrease of -42.8% against the previous year. In general, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2013 an increase of 68%. Over the period under review, the average export prices reached the maximum at $2,717 per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($1,708 per ton), while the average price for exports to Lesotho ($440 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 Namibia (+3.7%), 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 South Africa

After three years of growth, purchases abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -41.1% to 123 tons in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 191% against the previous year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 expanded rapidly to $243K in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Ghana (31.0 tons)
2. Malawi (27.0 tons)
3. China (24.7 tons)
4. Peru (21.5 tons)
5. India (7.2 tons)
6. Thailand (5.0 tons)
7. Austria (3.2 tons)

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

In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -84.9% to 1.6 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 340%.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 dropped markedly to $2.5K in 2022. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 380%. As a result, the exports reached the peak of $28K, and then dropped markedly in the following year.

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

1. Mauritius (620.0 kg)
2. Zimbabwe (317.0 kg)
3. Swaziland (300.0 kg)
4. Botswana (164.0 kg)
5. Namibia (126.0 kg)
6. Lesotho (25.0 kg)

Source: IndexBox Market Intelligence Platform