Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark (FOB) - 2023
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark (FOB) - 2023

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $858 per ton in November 2023, which is down by -1.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 24% month-to-month. As a result, the export price attained the peak level of $1,035 per ton. From February 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In November 2023, the highest price was recorded for prices to Poland ($1,097 per ton) and the Czech Republic ($830 per ton), while the average price for exports to Germany ($734 per ton) and the Netherlands ($790 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,291 per ton in 2022, shrinking by -29.9% against the previous year. Overall, the import price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $1,842 per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,422 per ton), while the price for Norway ($887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), 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 Denmark

For the fourth year in a row, Denmark recorded growth in overseas shipments of flour and meal; of the dried leguminous vegetables of heading no. 0713, which increased by 146% to 17K tons in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 354%. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $13M in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 280% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Denmark in 2022:

1. Czech Republic (8.3K tons)
2. Netherlands (2.9K tons)
3. Germany (2.3K tons)
4. Italy (2.2K tons)
5. United Kingdom (0.4K tons)
6. Poland (0.3K tons)
7. France (0.3K tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Denmark

For the fourth consecutive year, Denmark recorded growth in supplies from abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713, which increased by 20% to 2.6K tons in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 112% against the previous year. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 shrank dramatically to $3.4M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Denmark in 2022:

1. Norway (2053.9 tons)
2. Italy (209.1 tons)
3. Germany (142.4 tons)
4. Netherlands (81.3 tons)
5. France (74.8 tons)

Source: IndexBox Market Intelligence Platform