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

Contents:

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

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $724 per ton, dropping by -63.3% against the previous year. Overall, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $2,621 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,428 per ton), while the price for Kenya ($378 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), 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 Sweden (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $28,501 per ton, reducing by -9.7% against the previous year. Overall, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2021 an increase of 79% against the previous year. As a result, the export price reached the peak level of $31,561 per ton, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($97,000 per ton), while the average price for exports to Finland ($15,639 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 Norway (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Sweden soared to 220 tons, increasing by 189% against 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 386%. 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 amounted to $160K in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 267% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Italy (143.4 tons)
2. Nigeria (27.7 tons)
3. Kenya (18.0 tons)
4. Thailand (9.2 tons)
5. Poland (5.5 tons)
6. United Kingdom (5.1 tons)
7. Ghana (3.8 tons)
8. Peru (2.6 tons)
9. Netherlands (0.3 tons)

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

In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -38.5% to 605 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 0.6%. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 declined markedly to $17K in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 71%.

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

1. Norway (535.0 kg)
2. Finland (36.0 kg)
3. United States (10.0 kg)
4. Iceland (6.0 kg)

Source: IndexBox Market Intelligence Platform