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

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Chile (CIF) - 2024
2. Price for Flour, Meal, and Flakes of Potatoes in Chile (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Chile
4. Exports of Flour, Meal, and Flakes of Potatoes in Chile

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

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,596 per ton, reducing by -3% against the previous month. Over the period under review, import price indicated a strong increase from January 2023 to September 2023: its price increased at an average monthly rate of +6.3% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for flour, meal, and flakes of potatoeses decreased by -9.4% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 20% month-to-month. Over the period under review, average import prices hit record highs at $2,866 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from the Netherlands ($2,624 per ton) and Germany ($2,599 per ton), while the price for India ($2,105 per ton) and Belgium ($2,440 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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Chile (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $2,250 per ton, picking up by 118% against the previous year. Over the period under review, the export price, however, showed a mild decline. The export price peaked at $3,352 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($3,944 per ton), while the average price for exports to Venezuela ($686 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 the Netherlands (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Chile recorded growth in overseas purchases of flour, meal, and flakes of potatoeses, which increased by 42% to 9.8K tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $15M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (4.7K tons)
2. Germany (4.6K tons)
3. United States (0.1K tons)
4. Belgium (0.1K tons)

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

In 2022, shipments abroad of flour, meal, and flakes of potatoeses decreased by -62.8% to 42 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 189% against the previous year. As a result, the exports reached the peak of 112 tons, and then dropped significantly in the following year.

In value terms, exports of flour, meal, and flakes of potatoeses declined remarkably to $94K in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $116K, and then shrank dramatically in the following year.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Chile in 2022:

1. Peru (13.9 tons)
2. Venezuela (13.8 tons)
3. Bolivia (12.4 tons)
4. Ecuador (1.2 tons)

Source: IndexBox Market Intelligence Platform