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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $4,232 per ton in 2022, reducing by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 25% against the previous year. The import price peaked at $4,817 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,509 per ton), while the price for Togo ($1,225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+10.5%), 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 Switzerland (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $12,115 per ton in 2022, shrinking by -34.1% against the previous year. In general, the export price, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2019 an increase of 239% against the previous year. As a result, the export price reached the peak level of $45,926 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($21,952 per ton), while the average price for exports to Austria totaled $7,885 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.5%).

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

In 2022, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 were finally on the rise to reach 134 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced decrease.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 expanded slightly to $567K in 2022. Overall, imports, however, saw a perceptible decline.

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

1. Cameroon (24.4 tons)
2. Germany (22.6 tons)
3. United Kingdom (18.2 tons)
4. United States (12.7 tons)
5. Portugal (12.4 tons)
6. Ghana (9.6 tons)
7. Brazil (7.0 tons)
8. Togo (6.7 tons)
9. France (4.0 tons)
10. Costa Rica (0.2 tons)

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 exported from Switzerland skyrocketed to 139 kg, with an increase of 157% compared with the previous year. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 174%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $1.7K in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +81.1% against 2020 indices. As a result, the exports reached 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 Switzerland in 2022:

1. Austria (96.0 kg)
2. Germany (42.0 kg)

Source: IndexBox Market Intelligence Platform