Price for Flour, Meal, and Flakes of Potatoes in Canada - 2024

Price for Flour, Meal, and Flakes of Potatoes in Canada (CIF) - 2024

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,194 per ton, falling by -5.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 26% against the previous month. Over the period under review, average import prices hit record highs at $2,586 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Poland ($2,608 per ton) and Germany ($2,567 per ton), while the price for the United States ($2,109 per ton) and the Netherlands ($2,119 per ton) were amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour, Meal, and Flakes of Potatoes in Canada (FOB) - 2024

The average export price for flour, meal, and flakes of potatoeses stood at $1,656 per ton in September 2023, declining by -8.7% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2023 an increase of 22% month-to-month. The export price peaked at $1,814 per ton in August 2023, and then dropped in the following month.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($1,695 per ton), while the average price for exports to Panama stood at $1,019 per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%).

Imports of Flour, Meal, and Flakes of Potatoes in Canada

In 2022, the amount of flour, meal, and flakes of potatoeses imported into Canada reduced to 14K tons, declining by -10.3% compared with 2021 figures. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 5.2% against the previous year.

In value terms, imports of flour, meal, and flakes of potatoeses shrank modestly to $23M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8.3%. As a result, imports attained the peak of $23M, and then declined slightly in the following year.

Import of Flour, Meal, and Flakes of Potatoes in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.1	19.0	18.0	19.8	-0.5%
Netherlands	0.2	1.4	0.5	1.4	91.3%
Poland	0.2	0.2	2.9	0.4	26.0%
Belgium	N/A	0.1	0.5	0.4	100.0%
Others	0.6	0.8	1.3	0.6	0.0%
Total	21.0	21.5	23.2	22.5	2.3%

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Canada in 2022:

United States (11.9K tons)
Netherlands (1.0K tons)
Belgium (0.2K tons)
Poland (0.2K tons)

Exports of Flour, Meal, and Flakes of Potatoes in Canada

Exports of flour, meal, and flakes of potatoeses from Canada surged to 15K tons in 2022, rising by 75% compared with the previous year. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour, meal, and flakes of potatoeses surged to $21M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.