Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK - 2023
Contents:
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK (CIF) - 2023
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK (FOB) - 2023
- Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK
- Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK
Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK (CIF) - 2023
In December 2023, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,212 per ton, which is down by -2.5% against the previous month. Overall, the import price showed a slight setback. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 29% month-to-month. As a result, import price attained the peak level of $1,854 per ton. From August 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($1,914 per ton), while the price for Nigeria ($303 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+4.6%), 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 the UK (FOB) - 2023
The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,408 per ton in December 2023, surging by 13% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 14% month-to-month. The export price peaked in December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Kuwait ($1,947 per ton), while the average price for exports to Italy ($1,106 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.2%), 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 the UK
In 2022, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into the UK surged to 9.4K tons, picking up by 37% compared with the year before. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, 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.
In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $13M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.6 | 5.3 | 3.5 | 5.5 | 15.2% |
| India | 3.3 | 3.2 | 3.6 | 3.0 | -3.1% |
| Netherlands | 0.9 | 1.4 | 1.0 | 0.8 | -3.9% |
| Norway | 0.1 | N/A | 0.1 | 0.6 | 81.7% |
| Italy | 1.2 | 0.6 | 0.6 | 0.5 | -25.3% |
| Denmark | N/A | N/A | 0.1 | 0.5 | 400.0% |
| United States | 0.3 | 0.5 | 0.2 | 0.3 | 0.0% |
| Belgium | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Nigeria | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 1.4 | 1.4 | 1.5 | 1.1 | -7.7% |
| Total | 11.0 | 12.5 | 10.6 | 12.7 | 4.9% |
Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to the UK in 2022:
- France (3607.8 tons)
- India (1739.6 tons)
- Norway (1085.0 tons)
- Netherlands (722.5 tons)
- Denmark (544.7 tons)
- Nigeria (302.5 tons)
- Belgium (276.2 tons)
- Italy (233.9 tons)
- United States (205.2 tons)
Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK
In 2022, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from the UK surged to 2.6K tons, increasing by 18% compared with the previous year. The total export volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 $4.5M in 2022. In general, exports, however, showed a drastic downturn.
| Export of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,549 | 607 | 1,753 | 2,039 | 9.6% |
| Netherlands | 461 | 737 | 1,104 | 1,000 | 29.4% |
| Kuwait | 354 | 548 | 187 | 272 | -8.4% |
| Ireland | 250 | 285 | 176 | 242 | -1.1% |
| Poland | 44.1 | 68.4 | 33.3 | 219 | 70.6% |
| Italy | 809 | 994 | 100 | 161 | -41.6% |
| Spain | 400 | 331 | 212 | 156 | -26.9% |
| Germany | 774 | 886 | 54.4 | 35.1 | -64.3% |
| Others | 784 | 1,062 | 742 | 340 | -24.3% |
| Total | 5,425 | 5,518 | 4,362 | 4,464 | -6.3% |
Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from the UK in 2022:
- Netherlands (880.4 tons)
- France (859.1 tons)
- Kuwait (170.2 tons)
- Ireland (152.3 tons)
- Poland (126.5 tons)
- Spain (124.8 tons)
- Italy (119.7 tons)
- Germany (10.6 tons)
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