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

Contents:

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

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

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,208 per ton, with a decrease of -12.2% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $1,568 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($2,128 per ton), while the price for Myanmar ($822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $4,556 per ton in 2022, increasing by 15% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 increased by +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($9,500 per ton), while the average price for exports to the Philippines ($1,619 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+16.5%), 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 Singapore

In 2022, overseas purchases of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -18.8% to 442 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports reached the peak of 748 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 contracted markedly to $534K in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of $943K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. India (205.3 tons)
2. Malaysia (144.5 tons)
3. Bangladesh (47.1 tons)
4. Myanmar (28.4 tons)
5. Hong Kong SAR (7.1 tons)

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

In 2022, overseas shipments of flour and meal; of the dried leguminous vegetables of heading no. 0713 were finally on the rise to reach 79 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. 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 skyrocketed to $359K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Malaysia (72.2 tons)
2. Philippines (2.3 tons)
3. Brunei Darussalam (1.5 tons)
4. Spain (1.3 tons)

Source: IndexBox Market Intelligence Platform