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

Contents:

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

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

The average import price for flour, meal, and flakes of potatoeses stood at $2,210 per ton in September 2023, reducing by -6.1% against the previous month. Over the period from October 2022 to September 2023, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 14% m-o-m. The import price peaked at $2,353 per ton in August 2023, and then fell in the following month.

As there is only one major supplying country, the average price level is determined by prices for Mexico.

From October 2022 to September 2023, the rate of growth in terms of prices for Hungary amounted to +110.2% per month.

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

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $1,900 per ton, waning by -30.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices hit record highs at $2,733 per ton in 2021, and then shrank sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($3,913 per ton), while the average price for exports to Brazil ($719 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 Austria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

After two years of decline, supplies from abroad of flour, meal, and flakes of potatoeses increased by 4.5% to 49K tons in 2022. Overall, imports, however, recorded a noticeable slump.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $71M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (16.1K tons)
2. Belgium (16.1K tons)
3. Netherlands (11.3K tons)
4. France (1.8K tons)
5. Denmark (1.7K tons)
6. Spain (0.8K tons)

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

In 2022, overseas shipments of flour, meal, and flakes of potatoeses decreased by -51.7% to 1.3K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 4.6% against the previous year. As a result, the exports attained the peak of 5.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flour, meal, and flakes of potatoeses reduced dramatically to $2.4M in 2022. In general, exports showed a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 3.8% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Germany (222.1 tons)
2. United States (176.9 tons)
3. Spain (176.7 tons)
4. Cuba (136.2 tons)
5. France (91.7 tons)
6. Brazil (45.9 tons)
7. Slovenia (43.5 tons)
8. Switzerland (42.5 tons)
9. Poland (36.5 tons)
10. Austria (36.1 tons)
11. Norway (35.1 tons)
12. Malta (26.5 tons)
13. Hong Kong SAR (25.0 tons)

Source: IndexBox Market Intelligence Platform