Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States - 2023
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States (CIF) - 2023
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States (FOB) - 2023
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States (CIF) - 2023
The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,180 per ton in December 2023, falling by -7.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in January 2023 an increase of 21% against the previous month. Over the period under review, average import prices reached the peak figure at $1,516 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ghana ($1,922 per ton), while the price for Honduras ($836 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ghana (+3.3%), 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 the United States (FOB) - 2023
The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,792 per ton in December 2023, with a decrease of -1.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in September 2023 when the average export price increased by 28% month-to-month. As a result, the export price reached the peak level of $2,070 per ton. From October 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,926 per ton), while the average price for exports to the Dominican Republic ($1,467 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.3%), 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 the United States
In 2022, purchases abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -38.8% to 38K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 91K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 declined rapidly to $42M in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. As a result, imports reached the peak of $64M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 12.9 | 14.9 | 11.3 | 10.3 | -7.2% |
| Honduras | 0.2 | 0.3 | 6.3 | 8.1 | 243.4% |
| China | 28.2 | 33.3 | 20.0 | 7.9 | -34.6% |
| Thailand | 3.6 | 3.7 | 3.8 | 4.8 | 10.1% |
| India | 0.6 | 1.2 | 1.3 | 1.1 | 22.4% |
| Ghana | 0.1 | 0.8 | 1.2 | 1.0 | 115.4% |
| Nigeria | 0.2 | 0.8 | 1.4 | 1.0 | 71.0% |
| Others | 5.7 | 9.1 | 6.8 | 7.5 | 9.6% |
| Total | 51.5 | 64.1 | 52.1 | 41.7 | -6.8% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to the United States in 2022:
- Honduras (11.1K tons)
- China (9.4K tons)
- Brazil (8.0K tons)
- Thailand (4.2K tons)
- Nigeria (1.3K tons)
- Ghana (0.9K tons)
- India (0.8K tons)
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, when their volume decreased by -6.9% to 7.5K tons. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports reached the peak of 8K tons, and then dropped in the following year.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank slightly to $10M in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 8.3%.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.9 | 8.6 | 9.1 | 9.3 | 10.5% |
| Mexico | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Australia | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Nigeria | 0.4 | 0.3 | N/A | N/A | -25.0% |
| United Kingdom | 0.6 | 0.3 | 0.2 | N/A | -42.3% |
| Others | 0.9 | 0.3 | 0.6 | 0.5 | -17.8% |
| Total | 9.2 | 9.9 | 10.6 | 10.4 | 4.2% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from the United States in 2022:
- Canada (6.6K tons)
- Australia (0.2K tons)
- Mexico (0.2K tons)
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