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

Contents:

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

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

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $3,514 per ton, jumping by 24% against the previous month. Overall, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in February 2023 an increase of 89% m-o-m. As a result, import price reached the peak level of $4,715 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($8,178 per ton), while the price for the Netherlands ($2,662 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $844 per ton, reducing by -38.8% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 115%. The export price peaked at $4,660 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -4.0% per year.

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

After two years of decline, overseas purchases of flour, meal, and flakes of potatoeses increased by 9.4% to 1.2K tons in 2022. Over the period under review, imports, however, continue to indicate a precipitous descent.

In value terms, imports of flour, meal, and flakes of potatoeses declined significantly to $2.6M in 2022. Overall, imports, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of $6.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (424.4 tons)
2. Netherlands (287.7 tons)
3. Belgium (242.8 tons)
4. United Kingdom (217.5 tons)
5. Spain (49.6 tons)
6. Italy (0.6 tons)

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

In 2022, the amount of flour, meal, and flakes of potatoeses exported from Ireland soared to 307 tons, rising by 122% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt descent.

In value terms, exports of flour, meal, and flakes of potatoeses skyrocketed to $259K in 2022. Overall, exports, however, recorded a dramatic setback.

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

1. United Kingdom (304.5 tons)

Source: IndexBox Market Intelligence Platform