Price for Flour, Meal, and Flakes of Potatoes in Indonesia - 2022

Contents:

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

Price for Flour, Meal, and Flakes of Potatoes in Indonesia (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $1,515 per ton in March 2022, increasing by 12% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in November 2021 when the average import price increased by 26% against the previous month. As a result, import price attained the peak level of $1,652 per ton. From December 2021 to March 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,814 per ton), while the price for the Netherlands ($1,179 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $855 per ton, falling by -3.1% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 306% against the previous year. The export price peaked at $1,829 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,026 per ton), while the average price for exports to Iraq ($300 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 Sri Lanka (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of flour, meal, and flakes of potatoeses into Indonesia skyrocketed to 11K tons in 2022, picking up by 39% against 2021 figures. The total import volume increased at an average annual rate of +12.1% 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, meal, and flakes of potatoeses surged to $17M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Indonesia in 2022:

1. Germany (4.8K tons)
2. Netherlands (1.7K tons)
3. Denmark (1.6K tons)
4. India (1.3K tons)
5. United States (1.1K tons)
6. Bangladesh (0.3K tons)

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

After three years of growth, shipments abroad of flour, meal, and flakes of potatoeses decreased by -19.7% to 376 tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 174% against the previous year. As a result, the exports attained the peak of 469 tons, and then contracted markedly in the following year.

In value terms, exports of flour, meal, and flakes of potatoeses dropped markedly to $322K in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 321% against the previous year.

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

1. Japan (96.4 tons)
2. Timor-Leste (81.1 tons)
3. Taiwan (Chinese) (43.2 tons)
4. South Korea (39.4 tons)
5. Malaysia (28.8 tons)
6. Singapore (27.0 tons)
7. Vietnam (20.0 tons)
8. Iraq (19.0 tons)

Source: IndexBox Market Intelligence Platform