Price for Flour, Meal, and Flakes of Potatoes in India - 2023
Contents:
- Price for Flour, Meal, and Flakes of Potatoes in India (FOB) - 2023
- Price for Flour, Meal, and Flakes of Potatoes in India (CIF) - 2023
- Exports of Flour, Meal, and Flakes of Potatoes in India
- Imports of Flour, Meal, and Flakes of Potatoes in India
Price for Flour, Meal, and Flakes of Potatoes in India (FOB) - 2023
The average export price for flour, meal, and flakes of potatoeses stood at $1,719 per ton in July 2023, with an increase of 4.5% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +3.1%. The growth pace was the most rapid in January 2023 an increase of 27% against the previous month. The export price peaked at $1,727 per ton in May 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Japan ($2,050 per ton), while the average price for exports to the United States ($1,059 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour, Meal, and Flakes of Potatoes in India (CIF) - 2023
In July 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $1,602 per ton, rising by 16% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +3.9%. The most prominent rate of growth was recorded in December 2022 an increase of 37% m-o-m. Over the period under review, average import prices attained the peak figure at $1,768 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($2,752 per ton), while the price for Bangladesh stood at $1,169 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Flour, Meal, and Flakes of Potatoes in India
In 2022, exports of flour, meal, and flakes of potatoeses from India skyrocketed to 18K tons, picking up by 132% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of flour, meal, and flakes of potatoeses soared to $24M in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Flour, Meal, and Flakes of Potatoes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.6 | 1.5 | 4.2 | 9.1 | 51.8% |
| Japan | 0.3 | 0.5 | 1.0 | 3.5 | 126.8% |
| Indonesia | 1.3 | 0.7 | 0.4 | 2.0 | 15.4% |
| Philippines | N/A | N/A | 0.9 | 1.9 | 111.1% |
| United States | 2.2 | 1.1 | 0.3 | 1.8 | -6.5% |
| Israel | 0.5 | 0.1 | 0.7 | 1.5 | 44.2% |
| Thailand | 1.0 | 0.7 | 0.7 | 1.1 | 3.2% |
| Others | 2.0 | 0.8 | 0.9 | 2.8 | 11.9% |
| Total | 9.9 | 5.4 | 9.1 | 23.6 | 33.6% |
Top Export Markets for Flour, Meal, and Flakes of Potatoes from India in 2022:
- Malaysia (6.5K tons)
- United States (2.8K tons)
- Japan (2.2K tons)
- Philippines (1.4K tons)
- Indonesia (1.3K tons)
- Israel (1.1K tons)
- Thailand (0.8K tons)
Imports of Flour, Meal, and Flakes of Potatoes in India
In 2022, approx. 925 tons of flour, meal, and flakes of potatoeses were imported into India; picking up by 106% on the previous year. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 119% against the previous year. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of flour, meal, and flakes of potatoeses soared to $1.1M in 2022. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 154% against the previous year. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Flour, Meal, and Flakes of Potatoes in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 617 | 236 | 409 | 927 | 14.5% |
| Poland | N/A | 65.2 | N/A | 65.2 | 0.0% |
| Germany | 1.6 | 28.8 | 29.7 | 51.6 | 218.3% |
| Netherlands | 16.7 | 103 | 1.1 | 29.5 | 20.9% |
| Turkey | N/A | N/A | N/A | 29.3 | 0% |
| Belgium | 11.5 | 863 | N/A | N/A | 7404.3% |
| Malaysia | 31.6 | 522 | 19.9 | N/A | -20.6% |
| Iran | 61.5 | N/A | N/A | N/A | 0% |
| Others | 10.6 | 87.3 | 0.4 | 0.4 | -66.5% |
| Total | 751 | 1,905 | 460 | 1,103 | 13.7% |
Top Suppliers of Flour, Meal, and Flakes of Potatoes to India in 2022:
- Bangladesh (825.8 tons)
- Germany (35.0 tons)
- Turkey (22.0 tons)
- Poland (22.0 tons)
- Netherlands (20.0 tons)
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