Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain - 2023
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (FOB) - 2023
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (CIF) - 2022
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (FOB) - 2023
In October 2023, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $5,884 per ton, surging by 68% against the previous month. In general, export price indicated temperate growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for flour and meal; of sago, roots or tubers of heading no. 0714 increased by +67.6% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Canada ($8,169 per ton), while the average price for exports to the UK ($1,739 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 Portugal (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (CIF) - 2022
The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $5,753 per ton in 2022, rising by 130% against the previous year. In general, the import price posted a prominent increase. As a result, import price attained 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 Italy ($51,522 per ton), while the price for Ghana ($601 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain
In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -30.6% to 689 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 109% against the previous year. As a result, the exports reached the peak of 1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 reduced sharply to $2.7M in 2022. Overall, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 116% against the previous year. As a result, the exports attained the peak of $4.9M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 890 | 2,229 | 1,513 | 769 | -4.8% |
| Russia | N/A | 56.8 | 345 | 426 | 173.9% |
| Germany | 375 | 760 | 1,019 | 340 | -3.2% |
| Canada | 103 | 221 | 162 | 283 | 40.1% |
| France | 337 | 475 | 294 | 227 | -12.3% |
| Belgium | 57.7 | 291 | 369 | 193 | 49.6% |
| United Kingdom | 80.5 | 224 | 146 | 119 | 13.9% |
| Portugal | 38.8 | 78.7 | 99.7 | 92.1 | 33.4% |
| Netherlands | 124 | 167 | 203 | 68.4 | -18.0% |
| Italy | 48.6 | 102 | 112 | 48.5 | -0.1% |
| Others | 196 | 252 | 301 | 184 | -2.1% |
| Total | 2,250 | 4,856 | 4,561 | 2,749 | 6.9% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Spain in 2022:
- Russia (160.6 tons)
- United States (151.3 tons)
- Germany (65.8 tons)
- United Kingdom (62.2 tons)
- France (51.0 tons)
- Portugal (41.6 tons)
- Belgium (39.7 tons)
- Canada (35.9 tons)
- Netherlands (28.7 tons)
- Italy (14.1 tons)
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain
In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Spain expanded rapidly to 367 tons, picking up by 11% compared with 2021 figures. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $2.1M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 14.2 | 26.7 | N/A | 938 | 304.2% |
| Netherlands | 8.8 | 24.8 | 36.4 | 435 | 267.0% |
| Peru | 134 | 304 | 190 | 369 | 40.2% |
| Ghana | 17.2 | 5.8 | 30.9 | 79.8 | 66.8% |
| Togo | 84.8 | 80.9 | 151 | 61.4 | -10.2% |
| Belgium | 24.3 | 0.2 | 120 | 55.5 | 31.7% |
| Portugal | 91.8 | 62.6 | 27.7 | 49.2 | -18.8% |
| Brazil | 9.6 | 15.2 | 10.6 | 23.2 | 34.2% |
| Others | 127 | 112 | 259 | 102 | -7.0% |
| Total | 512 | 632 | 826 | 2,112 | 60.4% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Spain in 2022:
- Ghana (132.8 tons)
- Peru (50.7 tons)
- Netherlands (46.8 tons)
- Togo (36.4 tons)
- Belgium (31.7 tons)
- Portugal (19.8 tons)
- Italy (18.2 tons)
- Brazil (17.5 tons)
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In January 2023, the price of fruit flour per ton (FOB, Spain) decreased to $4,520, a decrease of -12.2% against the month prior.
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In November 2022, the fruit flour price stood at $5,531 per ton (FOB, Spain), approximately reflecting the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 8% m-o-m. The export price peaked at $5,934 per ton in January 2022; however, from February 2022 to November 2022, the export prices remained at a lower figure. Average prices varied noticeably for the major external markets. In November 2022, the countries with the highest prices were Israel ($5,975 per ton) and France ($5,737 per ton), while the average price for exports to the United Arab Emirates ($4,868 per ton) and the UK ($5,194 per ton) were amongst the lowest. From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.8%), while the prices for the other major destinations experienced a decline. Fruit flour exports from Spain rose sharply to 2.2K tons in November 2022, surging by 9.5% on the previous month's figure. In general, exports recorded resilient growth. The pace of growth was the most pronounced in September 2022 when exports increased by 95% against the previous month. The exports peaked in November 2022. In value terms, fruit flour exports expanded rapidly to $12M (IndexBox estimates) in November 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in September 2022 with an increase of 104% month-to-month. The exports peaked in November 2022. France (683 tons), Germany (530 tons) and the UK (368 tons) were the main destinations of fruit flour exports from Spain, together comprising 73% of total exports. From January 2022 to November 2022, the biggest increases were in Germany (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth. In value terms, the largest markets for fruit flour exported from Spain were France ($3.9M), Germany ($2.9M) and the UK ($1.9M), together accounting for 73% of total exports. In terms of the main countries of destination, Germany, with a CAGR of +20.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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294
In November 2022, the fruit flour price stood at $5,531 per ton (FOB, Spain), approximately reflecting the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 8% m-o-m. The export price peaked at $5,934 per ton in January 2022; however, from February 2022 to November 2022, the export prices remained at a lower figure. Average prices varied noticeably for the major external markets. In November 2022, the countries with the highest prices were Israel ($5,975 per ton) and France ($5,737 per ton), while the average price for exports to the United Arab Emirates ($4,868 per ton) and the UK ($5,194 per ton) were amongst the lowest. From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.8%), while the prices for the other major destinations experienced a decline. Fruit flour exports from Spain rose sharply to 2.2K tons in November 2022, surging by 9.5% on the previous month's figure. In general, exports recorded resilient growth. The pace of growth was the most pronounced in September 2022 when exports increased by 95% against the previous month. The exports peaked in November 2022. In value terms, fruit flour exports expanded rapidly to $12M (IndexBox estimates) in November 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in September 2022 with an increase of 104% month-to-month. The exports peaked in November 2022. France (683 tons), Germany (530 tons) and the UK (368 tons) were the main destinations of fruit flour exports from Spain, together comprising 73% of total exports. From January 2022 to November 2022, the biggest increases were in Germany (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth. In value terms, the largest markets for fruit flour exported from Spain were France ($3.9M), Germany ($2.9M) and the UK ($1.9M), together accounting for 73% of total exports. In terms of the main countries of destination, Germany, with a CAGR of +20.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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