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

Contents:

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

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

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,158 per ton in November 2023, with a decrease of -14.6% against the previous month. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 52% against the previous month. As a result, import price attained the peak level of $1,964 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,202 per ton), while the price for Latvia ($613 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In November 2023, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $3,018 per ton, surging by 28% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.4%. Over the period under review, the average export prices hit record highs at $3,201 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($6,653 per ton), while the average price for exports to the United States ($1,237 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -11.3% to 9.4K tons in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 125%. As a result, imports attained the peak of 11K tons, and then shrank in the following year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 reduced remarkably to $16M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 196%. As a result, imports reached the peak of $31M, and then shrank sharply in the following year.

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

1. Belgium (2.4K tons)
2. Netherlands (2.0K tons)
3. Italy (1.9K tons)
4. France (1.0K tons)
5. Denmark (0.9K tons)
6. Austria (0.5K tons)
7. Poland (0.3K tons)
8. India (0.1K tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Germany

In 2022, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from Germany soared to 1.7K tons, jumping by 30% compared with 2021. The total export volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 expanded modestly to $3.2M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 reached the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Poland (475.0 tons)
2. Netherlands (352.2 tons)
3. France (259.1 tons)
4. Denmark (121.5 tons)
5. Austria (112.4 tons)
6. Switzerland (67.8 tons)
7. Czech Republic (59.1 tons)
8. Italy (37.8 tons)
9. United States (30.1 tons)
10. United Kingdom (25.5 tons)

Source: IndexBox Market Intelligence Platform