Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada - 2024
Contents:
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (FOB) - 2024
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (CIF) - 2024
- Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada
- Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada
Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (FOB) - 2024
The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,014 per ton in January 2024, with a decrease of -18.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 20% month-to-month. The export price peaked at $1,299 per ton in November 2023; however, from December 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the United States ($1,276 per ton), while the average price for exports to China ($419 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (CIF) - 2024
In January 2024, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,315 per ton, picking up by 67% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $2,327 per ton in January 2023; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,850 per ton), while the price for India ($1,255 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Nigeria (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada
In 2022, approx. 34K tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were exported from Canada; growing by 16% on 2021 figures. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +92.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 66%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $39M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.0 | 13.9 | 23.5 | 36.6 | 24.4% |
| Japan | N/A | N/A | N/A | 1.1 | 0% |
| United Kingdom | 0.5 | 0.7 | 0.7 | 1.0 | 26.0% |
| China | 2.0 | 0.5 | 0.1 | 0.3 | -46.9% |
| Others | 0.2 | 1.0 | 4.8 | 0.2 | 0.0% |
| Total | 21.7 | 16.1 | 29.0 | 39.2 | 21.8% |
Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Canada in 2022:
- United States (30.3K tons)
- Japan (1.6K tons)
- United Kingdom (1.1K tons)
- China (0.4K tons)
Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada
In 2022, overseas purchases of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -7.7% to 5.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of 7.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 fell slightly to $8.7M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports reached the peak of $9.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 5.0 | 4.9 | 5.9 | 16.8% |
| India | 1.0 | 1.3 | 1.5 | 1.5 | 14.5% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| France | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| China | 0.1 | 2.5 | 1.1 | 0.1 | 0.0% |
| Nigeria | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.6 | 0.7 | 0.7 | 51.8% |
| Total | 5.2 | 9.9 | 8.8 | 8.7 | 18.7% |
Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Canada in 2022:
- United States (3336.0 tons)
- India (1124.1 tons)
- France (106.6 tons)
- Nigeria (94.9 tons)
- Taiwan (Chinese) (87.9 tons)
- China (20.2 tons)
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