Price for Flour, Meal, and Flakes of Potatoes in China - 2023

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in China (CIF) - 2023
2. Price for Flour, Meal, and Flakes of Potatoes in China (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in China
4. Exports of Flour, Meal, and Flakes of Potatoes in China

Price for Flour, Meal, and Flakes of Potatoes in China (CIF) - 2023

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,215 per ton, growing by 9.8% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the maximum at $2,303 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($2,649 per ton), while the price for Germany ($1,476 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour, meal, and flakes of potatoeses stood at $1,985 per ton in 2022, rising by 9.2% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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, meal, and flakes of potatoeses increased by +70.0% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $2,165 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($2,028 per ton) and the Philippines ($1,979 per ton), while the average price for exports to Russia ($1,809 per ton) and Senegal ($1,895 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, purchases abroad of flour, meal, and flakes of potatoeses decreased by -49% to 12K tons in 2022. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 188%.

In value terms, imports of flour, meal, and flakes of potatoeses declined rapidly to $16M in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2020 when imports increased by 165%. As a result, imports reached the peak of $29M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Netherlands (6.1K tons)
2. Belgium (2.1K tons)
3. Germany (1.8K tons)
4. Denmark (1.2K tons)
5. United States (0.9K tons)

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

In 2022, the amount of flour, meal, and flakes of potatoeses exported from China contracted significantly to 327 tons, waning by -40.6% compared with the year before. Over the period under review, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 2.1%.

In value terms, exports of flour, meal, and flakes of potatoeses fell significantly to $648K in 2022. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.

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

1. South Korea (210.6 tons)
2. Philippines (53.6 tons)
3. Russia (40.0 tons)
4. Senegal (18.0 tons)

Source: IndexBox Market Intelligence Platform