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

Contents:

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

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

In November 2023, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,098 per ton, falling by -18.1% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 26% against the previous month. As a result, the export price attained the peak level of $2,561 per ton, and then declined significantly in the following month.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Germany ($2,203 per ton), while the average price for exports to the United States ($1,449 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 (+1.1%), 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 Italy (CIF) - 2023

In November 2023, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $991 per ton, which is down by -18.4% against the previous month. In general, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in May 2023 an increase of 34% m-o-m. As a result, import price attained the peak level of $1,611 per ton. From June 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,407 per ton), while the price for Denmark ($819 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 the UK (+10.1%), 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 Italy

In 2022, shipments abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -6.4% to 4.4K tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 111% against the previous year. As a result, the exports reached the peak of 7.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 dropped slightly to $9.2M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Germany (2034.7 tons)
2. France (584.8 tons)
3. Spain (369.8 tons)
4. Austria (362.3 tons)
5. United Kingdom (234.5 tons)
6. Belgium (182.3 tons)
7. Greece (130.8 tons)
8. United States (55.1 tons)

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

Imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into Italy contracted to 5.3K tons in 2022, which is down by -1.6% compared with 2021 figures. Over the period under review, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 0.1% against the previous year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 skyrocketed to $5.8M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. France (2486.7 tons)
2. Netherlands (1652.8 tons)
3. Germany (778.4 tons)
4. United Kingdom (161.6 tons)
5. Denmark (105.1 tons)

Source: IndexBox Market Intelligence Platform